KKC & SBC

KRISHI KALYAN CESS: It is levied at 0.5% on taxable value of services with effect from 1.06.2016. Unlike Swatch Bharat cess, the input (CENVAT) credit received on purchase of services will be available for payment of such cess on output services. The credit can only be utilised for payment of Krishi Kalyan cess. So separate […]


Atal Pension Yojna (APY)

Atal Pension Yojna The Government of India has announced a new scheme called Atal Pension Yojana (APY). It is a guaranteed pension scheme which is administered by the Pension Fund Regulatory and Development Authority (PFRDA). The Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulatory authority which was established byGovernment of India on August 23, […]



Private Bodies to Act as incubators under Start-Up India

Private Bodies to Act as incubators under Start-Up India Under the Start-Up India action plan the Governemt has certified Nasscom and iSprit along with other 18 Private organisations. To Act as Incubators currently government is running 278 Incubators which are allowed are certifies and recomend startup. Nasscom will provide sector – specific services in their […]



KERALA REVISED BUDGET 2016-17

Revised Budget: Overall deficit: Rs. 711.38 cr. Additional Resource Mobilisation: Rs. 805 cr. Additional expenditure announced: Rs. 730.10 cr. Concessions: Rs. 5 cr. Cumulative deficit: Rs. 746.69 cr. Startup & IT will get boost Rs 25 crore for 1000 start-ups Rs 110.54 crore has been allocated for the development of MSMEs, business incubators and start-ups Rs […]



Service Tax on the services provided by Government

The word “Support Services” was substituted with all services vide The Finance Act 2015, which was  made effective from 01.06.2015. However, effective date of amendment of the section was notification w.e.f. 01.04.2016 thereby all services provided by the Government is subject to service tax on reverse charge basis. In my article published in our Bulletin […]