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Swacch bharat cess & krishi kalyan cess

channabasaiah (Account Assistant) (66 Points)

25 August 2016

Dear Sir / Madam, Can we utilize the SB Cess & KK Cess in CENVAT Credit?

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9 Replies

CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 25 August 2016

No.... both are not eligible for cenvat credit or you should not even sett off from cenvat credit.

channabasaiah (Account Assistant) (66 Points)
Replied 25 August 2016

Dear Sir,

Any notification?

attika (Article assistant) (179 Points)
Replied 25 August 2016

Yes you neither utilize nor set off. You can refer notification no.02/2016 for that

channabasaiah (Account Assistant) (66 Points)
Replied 25 August 2016

Dear Madam,

Thank you very much.

CTM

CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 25 August 2016

further just now gone through one notification 28/2016 which prescribes that cenvat credit of KKC paid on inputs could be utilised for discharge of KKC only but no such thing is there for SBC

channabasaiah (Account Assistant) (66 Points)
Replied 25 August 2016

Dear Sir,

Is it applicable for manufacturer??

Thanking you,

CTM

CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 25 August 2016

no it is only applicable for service provider

channabasaiah (Account Assistant) (66 Points)
Replied 26 August 2016

Dear Sir,

Below both sentence from your end... I am confused which one to follow.

Plz guide me which is correct.

"Yes you neither utilize nor set off. You can refer notification no.02/2016"

"further just now gone through one notification 28/2016 which prescribes that cenvat credit of KKC paid on inputs could be utilised for discharge of KKC only but no such thing is there for SBC"

waiting for your lovable reply

Thanking you,

CTM