Service Tax query

yiu can take the credit but can be adjusted only with KKC output only  if you are sure that therewill be no KKC expense it in your books if you are sure therewill be KKC output you can take KKC Input and if not utilised it can be carried forward 

I agree with Mr sivaram

bt my question is ...if it's not adjusted even after carry forward ..there is still huge amount of KKC in books ...bt still there is no output tax liability of KKC. . because this company is not providing any service ...so it is possible to take refund of KKC .?

I presume refund of KKC is only possible in respect of services provided to SEZ, exports. in all other cases it can only be adjusted against the KKC payable. as far as your case is considered instead of reflecting the same as input credit better to include KKC paid to the cost of Asset/ purchases/ services received

KKC IS LEVIED ON TAXABLE VALUE OF SERVICE PROVIDED W.E.F 01.06.2016. CENVAT CREDIT OF KKC IS ALLOWED TO SERVICE PROVIDER ONLY.

SEZ UNIT OR DEVELOPER OF SEZ CAN CLAIM REFUND OF SEZ PAID BY THEM ON SERVICES UTILIZED BY THEM.

IN YOUR CASE IF YOU ARE PROVIDER OF SERVICES, THEN ONLY YOU ARE ALLOWED TO TAKE CREDIT OF KKC. OTHERWISE DO NOT TAKE KKC CREDIT. IT SHOULD BE EXPENSE OUT.

 

ok thanks to all of you guys ..to help me in solving this query 😊