Regarding sb cess & kk cess

"Notification No.02/2016" "Notification No.28/2016" i got these two notifications against SBC & KKC. Which one has to follow. Please guide me.... I am totally confused to maintain these two accounts.
Replies (6)
What is your confusion

Dear Sir,

 

I send the two notification no. tell which has to follow. My question is Can we utilized CENVAT Credit against SBC & KKC?

 

thanking you

CTM

You can not awail the CENVAT credit for SBC. But you can Awail the CENVAT credit for KKC.

No, Normal Cenvat Credit cannot be adjusted against KKC/SBC.

For KKC:

You can claim credit of KKC against output liability of KKC.

For SBC:

No credit is allowed you need to pay the same in cash.

Hope, I am clear.

Regards

Dear Sir,

What do??????? all are giving in different different answers....

Some one says u can avail the Credit on KKC not SBC..

Some one says u can avail the Credit on SBC not KKC.

Some one says u can avail the Credit on both SBC & KKC.

Some one says u can not avail the Credit on both SBC & KKC.

what is going on....  i am graduate in B.com. and i following the seniors and the seniors giviing answer like this... .....

Thanking you very much all.... thank you once again.....

CTM

Dear channabasaiah,

Have some patience. Let me solve your query in bit technical terms. 

For Krishi Kalyan Cess please read clause 2 of attached notification.

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

For Swachh Bharat Cess, please read Q 14 of FAQ issued by department.

https://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf

Hope, we are clear. 

Some one may diisagree with other opinion. But asking questions in this manner on public domain disappoint a bit to me.

Regards

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