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KKC Not Payable on transactions prior to 01/06/2016

Service Tax - By: - Monarch Bhatt - Dated:- 25-6-2016 Last Replied Date:- 27-6-2016 - The Notification Number 35/2016- Serviced Tax dated 23rd Day of June 2016, clarifies that Krishi Kalyan Cess (KKC) will not be leviable in a cases where - (i) The invoice for the service has been issued on or before 31/05/2016 AND (ii) Service has been rendered on or before 31/05/2016. The above exemption clarification has been issued by way of notification which also supports my view expressed by me immediatel .....

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rincipal of service tax and hence this exemption has been introduced by way of exemption notification. The exemption notification to some extent is granting relief to the service provider as due to this KKC will not be leviable on the pending payments. This is much awaited clarification, but I will say the attempt is still halfhearted attempt by the board because as per the current provision KKC is still payable in the following circumstances in the absence of clarification. (i) The advances rec .....

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tion of service Applicability of KKC FOR PROVIDER OF SERVICE 1 Advances received prior to 01/06/2016 Invoice issued prior to 01/06/2016 KKC is not payable. 2 Advances received prior to 01/06/2016 Invoice issued within 14 days i.e. by 14/06/16 KKC is not payable. 3 Advances received prior to 01/06/2016 invoice NOT issued within 14 days i.e. by 14/06/16 KKC is not payable as the POT is the receipt of advances. However, since credit of KKC is eligible assessee may pay the liability by raising suppl .....

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vision of service has been completed prior to 01/06/2016 KKC will not be payable as clarified by Notification No. 35/2016-Service Tax dated 23/06/2016. FOR RECEIVER OF SERVICE where service tax is payable by receiver of service under reverse charge mechanism such as Manpower Supply Service, Legal Service, security service, works contract service, import of services, etc. 7 Invoice is dated prior to 01/06/2016 payment made on or before 31/05/2016 and within 3 months from the invoice date KKC is n .....

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counts prior to 01/06/2016 where service tax is payable as receiver of service for transaction with associated enterprises. KKC is not chargeable as POT is debit in the books of accounts or payment whichever is earlier and debit in the books of accounts is prior to the levy of KKC. 11 Invoice issued prior to 01/06/2016 And Provision of service has been completed prior to 01/06/2016 KKC will not be payable as clarified by Notification No. 35/2016-Service Tax dated 23/06/2016. - Reply By abhi pani .....

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