NDA 2016 General Knowledge question
Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct ? 1. KKC is calculated in the same way as Service Tax is calculated. 2. The current rate of KKC is 0·50%. 3. KKC is similar to the KKS (Krishi Kalyan Surcharge). Select the correct answer using the code given below :
Answer: (B)
Solution
The Krishi Kalyan Cess was levied from 1 June 2016 at 0.5% on the value of all taxable services, calculated in the same way as
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