Accounting code for payment of Krishi Kalyan Cess

Accounting code for payment of Krishi Kalyan Cess
Saturday, July 9, 2016
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Dear all,

Your association is in receipt of the Trade Notice. 02/2016 dtd 24.06.2016 issued by Principal Commissioner, Central Excise, Customs & Service Tax, Silvassa Commissionerate, Vapi. The scanned copy of the Trade Notice is enclosed herewith.

As per the Trade Notice no. 02/2016,  w.e.f 1st June 2016, the Krishi Kalyan Cess is leviable on all taxable services at the rate of 0.5%.

Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head "507-Krishi Kalyan Cess" and new Sub-heads as under: 

Sr. No.          

Krishi Kalyan Cess
(Minor Head)

           Tax Collection

            Other Receipts

             Deduct Refunds









So all the colleague industries are requested to pay the Krishi Kalyan Cess as per the Trade Notice No. 02/2016.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi

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