Krishi Kalyan Cess
This query is : Resolved
Harsh Sanchania
(Querist)
05 June 2016
In case of service provided and invoiced before 1-6-16 but for which Payment is received after the said date, will Rule 4 of point of taxation rules apply or Rule 5 of the said rules apply, with respect to krishi Kalyan cess ?
CA R SEETHARAMAN
(Expert)
05 June 2016
Rule 5 of the POT Rules apply.
Harsh Sanchania
(Querist)
05 June 2016
thanks a lot.
05 June 2016
Bing a new levy of tax , Rule 5 of POTR will apply
Harsh Sanchania
(Querist)
05 June 2016
Thank-you sir.
Suresh Ramaswamy
(Expert)
08 June 2016
Explanation 1 of Rule 5 of POTR 2016 would apply. "Explanation 1.- This rule shall apply mutatis mutandis in case of new levy on services." Hence Rule 5 is the correct Rule to be applied.
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