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service tax kkc

rakesh (M.Com) (34 Points)

30 June 2016

service tax KKC can I taken credit or not. ?

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3 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 30 June 2016

1. A service provider is allowed to take CENVAT credit of the Krishi Kalyan Cess (KKC) on taxable services.

2. CENVAT credit of any other duty is not allowed for payment of KKC.

3. CENVAT credit of KKC paid on input services can be utilized only for payment of KKC on output services.

[Notification No. 28/2016 - Central Excise (N.T.), dated 26.05.2016.]

CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 01 July 2016

You can take credit of kkc paid by you but such credit can only be utilised for payment of kkc and credit of any other duty cannot be used for payment of kkc

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 04 July 2016

Originally posted by : :\|)eep @ k Gupt/\
	1. A service provider is allowed to take CENVAT credit of the Krishi Kalyan Cess (KKC) on taxable services. 2. CENVAT credit of any other duty is not allowed for payment of KKC. 3. CENVAT credit of KKC paid on input services can be utilized only for payment of KKC on output services. [Notification No. 28/2016 - Central Excise (N.T.), dated 26.05.2016.]