Krishi kalyan cess, creditable

This query is : Resolved 

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.

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."


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