Credit of Krishi Kalyan Cess : Confusion by Govt Tweeter Account

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

D. Twitter or FAQ related issues

Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and
even FAQ are having disclaimer which is creating confusion.

(xvi) Credit of KKC ( Krishi Kalyan Cess)

Twitter has clarified that tax paid under KKC is not allowed, however it was an eligible duty under
earlier law and restriction of credit is unnecessary leading to cascading.

 

Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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