Utilization of kkc taken on input service

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This query is : Resolved

Ketan Jaywant Meher (Querist)

08 November 2016 Dear Sir,
Let us know, Can we use KKC cenvat credit taken on input services to pay excise duty payment?if yes. please provide Notification no or circular.

Regards,
Ketan Meher

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

08 November 2016 No it can be utilized only for payment of service tax.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

09 November 2016 Cenvat credit in respect of Krishi Kalyan Cess on taxable services leviable under section 161 of the Finance Act, 2016 (28 of 2016) shall be utilised only towards payment of Krishi Kalyan Cess on taxable services leviable under section 161 of the Finance Act, 2016 (28 of 2016)”;

(vide Notification No. 28/2016 - Central Excise (N.T.) New Delhi, the 26th May, 2016 )

Payment of KKC The payment of KKC has to be made either through cash in PLA or by utilisation of cenvat credit of KKC only . Cenvat credit other than cenvat credit of KKC cannot be utilised to pay KKC .

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