Kkc classification and related query
Querist : Anonymous
Dear Sir,
I am working with manufacturing concern. It is paying KKC mainly on reverse charge. And paying KKC as output service provider as renting of immovable property. Now, I am having confusion on whether we should expense of KKC paid on GTA and other on reverse charge or classify as an asset?
In case of renting of immovable property , in spite there is no direct co usage of GTA service, can we claim credit for the payment of KKC?
In a case, we classify KKC as expense as of now, and in future if with notification/amendment credit set off of KKC against other service tax, will we able to claim credit based on invoice/bills/challans as the document proof of payment?
Please give your valuable comments please.
Thanks .
Querist : Anonymous
I think not, and If GTA fall in Input credit definition , it can be utilised as credit against output service of KKC.
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