Krishi kalyan cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2016
Sir/Madam,
My Client is a Manufacturing entity, and they are liable to pay krishi Kalyan Cess from 01.06.2016 under RCM for the input services. Whether this cess paid on inputs can be utilised for payment of excise duty?.
Thanking you,
My Client is a Manufacturing entity, and they are liable to pay krishi Kalyan Cess from 01.06.2016 under RCM for the input services. Whether this cess paid on inputs can be utilised for payment of excise duty?.
Thanking you,
CA R SEETHARAMAN
(Expert)
08 May 2016
This cess paid on input service can't be utilised for payment of excise duty.
Only service provider can take cenvat credit on it while paying the cess.
Only service provider can take cenvat credit on it while paying the cess.
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08 May 2016
Krishi Kalyan Cess is proposed to be levied with effect from 1st June, 2016 on any or all the taxable services at the rate of 0.5% on the value of such taxable services. Credit of Krishi Kalyan Cess paid on input services shall be allowed to be used for payment of the proposed Cess on the service provided by a service provider.
See Link: https://indiabudget.nic.in/ub2016-17/cen/dojstru2.pdf
See Link: https://indiabudget.nic.in/ub2016-17/cen/dojstru2.pdf
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Rupesh Jain
(Expert)
12 May 2016
no, SBC is not cenvatable, its will increase the exp.
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