Is Cenvat Credit available for Krishi Kalyan Cess?

Share This Thread
  1. sabeer

    sabeer New Member

    is cenvat credit available on krishi kalyan cess
  2. Chandrashekar M

    Chandrashekar M Active Member

    ‘Krishi Kalyan Cess’ though said to be Cenvatable, but appropriate amendments also required in the Cenvat Credit Rules, 2004

    Unlike Swachh Bhara Cess imposed w.e.f. June 15, 2015, which is not Cenvatable neither in the hands of service providers nor manufacturers, in terms of TRU F.No. 334/8/2016-TRU dated February 29, 2016 [Para 3.1], it is provided that Cenvat credit of Krishi Kalyan Cesspaid on input services shall be allowed to be used for payment of the proposed Cess on the service provided by a service provider.

    However, corresponding to such entitlement of Cenvat credit of Krishi Kalyan Cess as stated in the TRU letter, changes are yet to be incorporated in Rule 3 of the Cenvat Credit Rules, 2004 to provide requisite legal backing for availment of Cenvat credit.

Draft saved Draft deleted
Similar Threads Forum Date
What is Foreign tax credit ? Income Tax Nov 22, 2017
What is the best use of a personal line of credit? Income Tax Oct 9, 2017
Tax on Credit card transaction for money Income Tax Sep 30, 2017
Tax on Credit Card transaction Income Tax May 29, 2017
MAT Credit Income Tax Apr 15, 2017