Chartered accountant - Plintron
186 Points
Posted on 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"