SBC AND KKC
This query is : Resolved
15 March 2017
Cenvat credit(input) of any declared service taken can be adjusted with service tax to be payable..
Previously SBC cannot be adjusted with Cenvat taken.. Now Still SBC cannot adjusted but now, KKC can be adjusted..
(ie., ST+KKC=14.5%)..
Please provide me the supporting where I can find this provision..
18 March 2017
Notification no. 28/2016- Central Excise (N.T.) allows CENVAT credit of KKC paid on input services to a service provider. The notification further provides that CENVAT credit of any other duty will not be allowed to be utilized for payment of KKC and only CENVAT credit of KKC paid on input services can be utilized only for payment of KKC on output services.
A manufacturer is not eligible to claim CENVAT credit of KKC.
A manufacturer is not eligible to claim CENVAT credit of KKC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- Merchant Export Accounting
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST ON DAMAGED GOODS
- REGARDING SECTION 44AE
- Taxation on LTCG for property sold after 24JUL2024
- Sales return eway bill
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
