Utilization of kkc taken on input service
This query is : Resolved
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
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
08 November 2016
No it can be utilized only for payment of service tax.
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 .
(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 .
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
