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Cenvat credit of kkc
Please confirm whether the cenvat credit of KKC is allowed if service tax is calculated @ 15% in Bill.
And Basic Service Tax ,SBC , KKC has not calculated separately in Bill.
Replies (4)
NO sir, SBC n KKC are not Cenvatable, whether it is clubbed or individually charged.
Yes. Cenvat Credit of service tax @ 14% and KKC @ .5% is eligible for claiming credit. it should be noted that KKC credit should be utilised only for KKC payment. SBC credit cannot be claimed
It is only applicable for Service Provider only.
Yes. KK Cess and SB Cess will be applicable only for Service Providers.
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