Krishi kalyan cess aplicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2016
Dear sir/madam,
1) We are billed on 10-05-2016 & for these bill amounts will be received after 01-06-2016, is Krishi Kalyan Cess applicable if payment received after 01-06-2016 ?
2) We are going to rise the bill on 31-05-2016, Payment will receive after 01-06-2016. IsKrishi Kalyan Cess chargeable if bill received before 01-06-2016?
Please help me
1) We are billed on 10-05-2016 & for these bill amounts will be received after 01-06-2016, is Krishi Kalyan Cess applicable if payment received after 01-06-2016 ?
2) We are going to rise the bill on 31-05-2016, Payment will receive after 01-06-2016. IsKrishi Kalyan Cess chargeable if bill received before 01-06-2016?
Please help me
KAVIRAJA ADDANGADI
(Expert)
18 May 2016
Point of taxation means the point when a service shall be deemed to have been provided. KKC Shall be covered under Rule 5 of Point of taxation Rules 2011
Payment of tax in case of new services- Where a service is taxed for the first time, then,-
(a) no tax shall be levied to the extent the invoice has been issued and the payment received against such invoice before the service became taxable.
(b) No tax shall be payable if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time.
Payment of tax in case of new services- Where a service is taxed for the first time, then,-
(a) no tax shall be levied to the extent the invoice has been issued and the payment received against such invoice before the service became taxable.
(b) No tax shall be payable if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time.
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