Krishi kalyan cess, creditable
This query is : Resolved
PRANAY JAIN
(Querist)
25 May 2016
Will 0.5% Krishi Kalyan Cess applicable from 1st June would be creditable unlike Swatch Bharat Cess, please refer circular for the same.
Rupesh Jain
(Expert)
25 May 2016
this is creditable
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."
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."
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