Full formGovernment & Exams
KKCstands forKrishi Kalyan Cess
Full Form of KKC
What is KKC?
Krishi Kalyan Cess (KKC) is a tax levied by the Indian government on the provision of taxable services. Introduced in the Union Budget 2016-17, it was imposed at a rate of 0.5% on the value of all taxable services under the Finance Act, 1994. The primary objective of KKC was to raise funds for agricultural welfare and infrastructure development, such as irrigation, soil health, and farmer support programmes. The cess was applicable to service providers and was collected along with service tax and Swachh Bharat Cess at that time. It was eventually subsumed into the Goods and Services Tax (GST) in 2017, but remains relevant in tax history and compliance for periods before GST. KKC is frequently referenced in tax audit reports, indirect tax litigation, and accounting for service tax returns. For students preparing for competitive exams like UPSC, SSC, or banking exams, understanding KKC is important under the topics of Indian tax structure and government revenue measures. It exemplifies how specific cesses are used to earmark funds for dedicated sectors like agriculture.
KKC का फुल फॉर्म
कृषि कल्याण सेस
Example
The auditor reviewed the service tax returns to ensure the correct computation of Krishi Kalyan Cess (KKC) for the financial year 2016-17.
KKC — frequently asked questions
What is the full form of KKC?
The full form of KKC is Krishi Kalyan Cess, a tax on services introduced by the Government of India.
What was the rate of Krishi Kalyan Cess?
Krishi Kalyan Cess was levied at 0.5% on the value of all taxable services under the Finance Act, 1994.
When was Krishi Kalyan Cess introduced and when did it end?
KKC was introduced in June 2016 and was subsumed under the Goods and Services Tax (GST) in July 2017.