date:Mar 02, 2016
ropose to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services, proceeds of which would be exclusively used for financing initiatives relating to improvement of agriculture and welfare of farmers. The cess will come into force with effect from June 1, 2016. Input tax credit of this cess will be available for payment of this cess.
Jaitley has further announced Excise duty on waters including mineral waters and aerated waters, containing added sugar or other sweetening mat