Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

Service tax query

dimple (student) (23 Points)

20 January 2017

Can we settle excess payment of Krishi Kalyan Cess with the service tax liability.

Reply
Follow
Share

13 Replies

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 20 January 2017

yes. excess payment can be adjusted against the future dues.

Upgrade to CAclubindia Pro. Subscribe Now!

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 20 January 2017

You can adjust against future dues under kkc only and not a liability of service tax

1 Like

Saikrishnan S (Chartered accountant - Plintron) (186 Points)
Replied 20 January 2017

As per notification number 28/2016, the Krishi kalyan cess paid shall be utilised only against Krishi Kalyan Cess payable. Hence even if it there is an excess payment of Krishi kalyan cess, the same shall be utilised/adjusted only against Krishi Kalyan Cess payable and not against Service tax liability.

Refer Link "https://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-nt2016/cent28-2016.pdf"

1 Like

PAWAN KUMAR (-) (967 Points)
Replied 20 January 2017

Only against the future liability of KK Cess, You may adjust the excess paid KK Cess.

Kamal vashist (Accountant) (183 Points)
Replied 20 January 2017

Yes you can use as a future liablity

Upgrade to CAclubindia Pro. Subscribe Now!

Nitin Chordiya (CA final Student) (264 Points)
Replied 20 January 2017

KKC would be levied, charged, collected and paid to government independent of service tax. This needs to be charged separately on the invoice, needs to be accounted separately in the books of account and needs to be paid separately under separate accounting code.

The accounting codes for Service Tax Payment and for KKC Payment are different.

So you can not utilise excess payment of KKC for payment of service tax.

Nitin Chordiya (CA final Student) (264 Points)
Replied 20 January 2017

You can adjust it for future KKC Payable.

Kaushal Singh (CA final) (38 Points)
Replied 20 January 2017

Thanks for your valuable information

Surender (Business) (43 Points)
Replied 22 January 2017

Dear Sir,

Whether service Tax would be applicable if a company is providing transportation to students of a private schools in delhi through private school cabs. The transport charge is collected directly by the company and not by the schools.

The company is basically the aggregator and provides the service of school transport only to the students and teachers. However separately the company through different cabs and other passenger vehicles provides the service of shared transport or car pooling service.

So whether the service tax is applicable to the students and teachers transportation service???

Thanks in Advance