Tax applicability
Urshita Dharod (6 Points)
14 June 2016Urshita Dharod (6 Points)
14 June 2016
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 14 June 2016
Hi Ursh*ta,
Rightly mentioned by you about the applicability of KKC, you can raise further debit note for the chargeability of the same.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 14 June 2016
karan jit singh
(Consultant)
(1299 Points)
Replied 15 June 2016
Originally posted by : Ursh*ta Dharod | ||
KKC is applicable from June 1, 2016. But as per the clarifications given in ET by the government, the cases where payments that are made after 31.05.16, KKC will be applicable. So should we change the invoice or raise a debit note for this amount ? |
You should make a supplementary invoice to append the invoice amount.
Secondly please specify the date and page of ET its mentioned.
Regards
Karanjit Singh | +91-7503588224
Urshita Dharod
(6 Points)
Replied 16 June 2016
Dear Karan,
This is the link to the ET notification about KKC
https://economictimes.indiatimes.com/news/economy/policy/retrospective-tax-impact-of-krishi-kalyan-cess-worries-india-inc/articleshow/52414199.cms
Urshita Dharod
(6 Points)
Replied 16 June 2016
So we conclude as below
But my question is that can we add KKC in an invoice issued before 01.06.16 ??
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 16 June 2016
Hi Ursh*ta,
Yes, even if service is provided befor 1st of June, but the payment is receive after 1st of June then either you have to raise a supplementary invoice or debit note for charging the same.
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