Krishi kalyan cess on debtors and creditors balance

elangovan (Tax and Financial Advisory)   (217 Points)

01 June 2016  
i would like to know whether Krishi Kalyan Cess will be applicable for Debtors Balance lying in the books as on 1.06.2016, service is already provided and invoice is raised, Balance amount yet to be received from the customer. Insight on this will be helpful