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Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct? 1. KKC is calculated in the same way as Service Tax is calculated. 2. The current rate of KKC is 0.50 % 3. KKC is similar to the KKS (Krishi Kalyan Surcharge). Select the correct answer using the code given below :

Options

  1. A1,2 and 3
  2. B1 and 2 only
  3. C2 and 3 only
  4. D1 only

Correct answer

B. 1 and 2 only

Step-by-step solution

The correct answer is option (B)

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