question_answer

      Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?               (IAS Prelims 2016)

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:

A) 1, 2 and 3     

B)        1 and 2 only

C) 2 and 3 only   

D)        1 only