Point of taxation of KKC (Krishi Kalyan Cess)

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Applicabality of KKC #pdf

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KAVIRAJA ADDANGADI

on 01 June 2016

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http://kavirajaasociates.weebly.com/ KKC is applicable from 01.06.2016 new cess Levied @0.5%Total Service Tax Payable Applicable ST @15% Service Tax @14% SBC @0.5% KKC @0.5% Point of taxation of KKC Tax Code -00441509 Interest-00441510 deduct refun d- 00441511 penalties-00441512 The CBEC vide Notification No. 28/2016 – Central Excise (N.T.) dt 26 May 2016 has notified CENVAT Credit (Seventh Amendment) Rules, 201 6 regarding KKC, on the following lines: Krishi Kalyan Cess (KKC) @0.5% on Taxable Services w.e.f. 1st June 2016 A provider of output service shall be allowed to take CE NVAT credit of the KKC on taxable services, i.e. the Cenvat credit of any other duty/cess/tax shall not be utilised for payment of KKC. Further, the Cenvat credit in respect of KKC on taxable services shall be utilised only towards payment of KKC on taxable serv ices. For details, refer the CBEC Notification, Particulars Service Provided before 1st June Invoice Raised before 1 st June Payment Raised before 1 st June Applicability of KKC Case 1 √ √ √ NO Case 2 √ × √ NO Case 3 √ √ × Yes Case 4 √ × × YEs