No KKC on services completed on or before May 31

In view of the exemption notification issued by the Central Government, no Krishi Kalyan Cess (KKC) has been applicable on service completed on or before May 31, 2016, and invoices for such service issued on or before May 31, 2016. KKC was introduced vide Section 161 of Financial Act, 2016 @ 0.5% on the value of all or any taxable services. Central Government by way of a notification dated June 23 has exempted taxable services with respect to which the invoice for the service has been issued on or before  May 31, 2016, from the whole of Krishi Kalyan Cess leviable thereon, subject to condition that the provision of service has been completed on or before the May 31.