Krishi Kalyan Cess

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..... Krishi Kalyan Cess
Query (Issue) Started By: - ashish yadav Dated:- 28-5-2016 Last Reply Date:- 29-5-2016 Service Tax
Got 6 Replies
Service Tax
Dear sir, we can take the credit krishi kalyan cess.please give me the reply .. Regards ashish yadav Reply By MUKUND THAKKAR: The Reply: GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 28/2016 - Centra .....

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..... l Excise (N.T.) New Delhi, the 26th May, 2016 Reply By CS SANJAY MALHOTRA: The Reply: Dear Mukund, Perfectly replied... Reply By Narendra Soni: The Reply: Dear Mr.Mukund and Mr.Sanjay. Thanks for reproducing copy of Notification. Please suggest:- A.Whether a manufacture can avail cenvat of KKC paid :- 1. On Input services to service providers. 2. On services under reverse charges to Gov .....

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..... t.account. B.Whether Rebate can be claimed on KKC paid on services used for export of goods. Urgent please. Reply By Ganeshan Kalyani: The Reply: Sir, the input credit of KKC is not allowed to manufacturer to set-off against central excise duty payable. And also no credit is allowed of the KKC paid under reverse charge mechanism. Further, the KKC paid on input services are eligible for claimin .....

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..... g rebate. This is my view. Thanks. Thanks Sri Mukund Ji, for reproducing the Notification. Thanks. Reply By KASTURI SETHI: The Reply: I endorse the views of Sh.Ganeshan Kalyani, Sir on all aspects. I further elaborate that if a manufacturer is also registered as Service Provider, Service Tax paid on KKC can be utilised for providing output service. Input service credit earned on KKC can be uti .....

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..... lised towards KKC only and not towards any other cess or duty. Reply By Ganeshan Kalyani: The Reply: Yes sir a manufacturer in addition to manufacturing also provides Service, say for e.g. if it has a Vacant land it gives it on rent then it is taxable under renting of immovable property. OR in head office if it has ample space and it decides to let out some portion of the area to other dealer th .....

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..... en it amounts to renting of immovable property. Thus those manufacturer can avail the input credit on KKC against the KKC output liability. But only if has nexus. Thanks.
Discussion Forum - Knowledge Sharing .....

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