Deepak Gupta | Apr 22, 2018 |
Krishi Kalyan Cess cannot be considered as admissible input tax credit in GST : Advance ruling dated05/04/2018 hasheld that accumulated credit by way of Krishi Kalyan Cess as appeared in the Service tax return of Input Service Distributor (ISD) on June 30 2017 cannot be considered as admissible input tax credit.
Accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service Tax return of Input Service Distributor (ISD) on June 30, 2017 which is carried forward in the electronic credit ledger maintained by the company under CGST Act 2017, will not be considered as admissible input tax-credit
The Ruling order can be read as under and Pdf copy of the ruling can be downloaded form below link
AUTHORITY FOR ADVANCE RULINGS MAHARASHTRA
Kansai Nerolac Paints Ltd.In re.
NO.GST-ARA-18/2017-18/B-25
APRIL 5, 2018
(under section 98 of the Central Goods, and Services Tax Act, 2017 and the Maharashtra Goods, and Services Tax Act, 2017)
NO.GST-ARA-18/2017-18/B-25 Mumbai, dt. 05/04/2018
For reasons as discussed in the body of order, the question answered thus-
Q. Whether an accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service Tax return of Input Service Distributor (ISD) on June 30, 2017 which is carried forward in the electronic credit ledger maintained by the company under CGST Act 2017, will be considered as admissible input tax credit
A. Answered in negative
B. V. BORHADE PANKAJ KUMAR
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