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“Krishi Kalyan Cess”, to finance improvement of agriculture and farmer’s welfare, is levied in India on
- a)Services sector
- b)Manufacturing Sector
- c)Fertilizers and natural gas sector
- d)Groundwater irrigation equipments
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
“Krishi Kalyan Cess”, to finance improvement of agricultur...
Learning: Imposition of Krishi Kalyan Cess of 0.5% was announced in the
Budget 2016-17 to come to force on 1st June 2016.
• KKC is a cess, applicable on all services. It is to be solely used towards
financing activities for the improvement of agriculture and farmer
welfare.
• Hence new effective Service Tax hence increased to 15% from 14.5%.
• Budget target for Krishi Kalyan Cess is Rs. 5000 crore.
• The KKC is based on the idea that levying a cess on a thriving sector
service sector (58% of GDP) of the economy can help fund a lifeline
to a sector that is in distress (Agriculture).
Budget 2016-17 to come to force on 1st June 2016.
• KKC is a cess, applicable on all services. It is to be solely used towards
financing activities for the improvement of agriculture and farmer
welfare.
• Hence new effective Service Tax hence increased to 15% from 14.5%.
• Budget target for Krishi Kalyan Cess is Rs. 5000 crore.
• The KKC is based on the idea that levying a cess on a thriving sector
service sector (58% of GDP) of the economy can help fund a lifeline
to a sector that is in distress (Agriculture).
Most Upvoted Answer
“Krishi Kalyan Cess”, to finance improvement of agricultur...
Learning: Imposition of Krishi Kalyan Cess of 0.5% was announced in the
Budget 2016-17 to come to force on 1st June 2016.
• KKC is a cess, applicable on all services. It is to be solely used towards
financing activities for the improvement of agriculture and farmer
welfare.
• Hence new effective Service Tax hence increased to 15% from 14.5%.
• Budget target for Krishi Kalyan Cess is Rs. 5000 crore.
• The KKC is based on the idea that levying a cess on a thriving sector
service sector (58% of GDP) of the economy can help fund a lifeline
to a sector that is in distress (Agriculture).
Budget 2016-17 to come to force on 1st June 2016.
• KKC is a cess, applicable on all services. It is to be solely used towards
financing activities for the improvement of agriculture and farmer
welfare.
• Hence new effective Service Tax hence increased to 15% from 14.5%.
• Budget target for Krishi Kalyan Cess is Rs. 5000 crore.
• The KKC is based on the idea that levying a cess on a thriving sector
service sector (58% of GDP) of the economy can help fund a lifeline
to a sector that is in distress (Agriculture).
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“Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer?
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“Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about “Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer?.
“Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about “Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “Krishi Kalyan Cess”, to finance improvement of agricultureand farmer’s welfare, is levied in India ona)Services sectorb)Manufacturing Sectorc)Fertilizers and natural gas sectord)Groundwater irrigation equipmentsCorrect answer is option 'A'. Can you explain this answer?.
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