Difference

SBC

KKC

It means Swachh Bharat Cess

It means Krishi Kalyan Cess

It was introduced from 15 Nov 2015

It was introduced from 1 June 2016

No Cenvat Available of SBC

Input Cenvat Available of KKC

However,same can be utilizedagainst Output KKC Only

Similarity

  • Both Charged at 0.5%
  • Both Charged on Amount
  • Different Rules of Service Tax like Service tax Valuation Rules,Point of Taxation Rules, Reverse Charge will apply on both
  • Service tax paid for Specified Services in Special Economic Zone will be charged on both
  • Special Rates of Service Tax changed because of implementation.
  1. Indirect Tax
  2. Amendments Indirect Tax for May 2017 Exams
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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