Cenvet Credit

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..... Dear Experts Team, 1.Can company take Cenvet Credit adjustment at the time of payment of Service Tax if the company is deposit Service Tax on behalf of service provider 2. Can company take Cenvet Credit on Krishi Kalyan Cess. - Reply By Ganeshan Kalyani - The Reply = 1. Service tax liability of service provider is under his registration and liability of service receiver is under his registra .....

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..... tion. Both of their liabilities are different. You cannot adjust the service tax paid excess with his liability. Service Provider should pay his dues. 2. Kristi Kalyan Cess is cenvatable only to Service Provider only. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Umesh Kumar Ji, I endorse the views of Sh.Ganeshan Kalyani, Sir. !00% correct. - Reply By UMESH KUMAR - Th .....

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..... e Reply = But the company received service and applicable reverse charges. So how can we adjusted Krishi Kalyan Cess Pls. suggest with example - Reply By Ganeshan Kalyani - The Reply = Sir if company is a manufacturing unit then credit of Krishi Kalyan case is not allowed. If in addition to manufacturing activity it also provides any service then the input credit of KKC is available as credit .....

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..... to be set of against KKC payable. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Umesh Kumar Ji, Pl. wait for issuance of notification in this regard. - Reply By UMESH KUMAR - The Reply = Thank You Very Much sir, for your valuable openion - Cenvet Credit - Query Started By: - UMESH KUMAR Dated:- 23-5-2016 Service Tax - Got 6 Replies - Service Tax - Discussion F .....

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..... orum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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