Menu
About kkc ?
how can i take kkc in sales invoice ?..and it is input or not ?
Replies (2)
In case your are using automatic billing machine, then contact your vendor support to make amendments in the bill formats. If you are making bills manually then just increase the percentage of srvice tax from 14.5% to 15%.
Yes you can take credit of KKC
Dear Sathish,
if ur vendor is not providing u the new bills ,then such invoice value along with effective service tax(15%) shall be considered as cum duty value(as he has charged less service tax) and such gross value shall be treated as follows:-
service tax=gross amount/115*15
then u can be taking ur real input out of it...the dept will collect the deficit money paid by him to the service tax dept.
if ur vendor is not providing u the new bills ,then such invoice value along with effective service tax(15%) shall be considered as cum duty value(as he has charged less service tax) and such gross value shall be treated as follows:-
service tax=gross amount/115*15
then u can be taking ur real input out of it...the dept will collect the deficit money paid by him to the service tax dept.
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
