ADJUSTMENT OF KK CESS

[AJIT SHANKAR]

As per last ST-3 filled there is a credit of Ser tax,/SB Cess lying(Closing Balance).

From 01.06.2016 KK Cess has been introduce and whether wee can adjust SB Cess from KK Cess or not.

Further pls let us know whether we can take credit of KK Cess from Tax Invoices poid by us.

Regards

AJIT SHANKAR

AI Summary

KK Cess Liability Can't Be Adjusted with SB Cess; Credit Only for Service Providers; Inter-Adjustment Prohibited A forum user queried about the possibility of adjusting the Swachh Bharat Cess (SB Cess) against the newly introduced Krishi Kalyan Cess (KK Cess) and whether credit for KK Cess can be taken from paid tax invoices. Respondents clarified that KK Cess liability cannot be adjusted with SB Cess, and credit for KK Cess is only available to service providers. Additionally, it was emphasized that any inter-adjustment of service tax, KK Cess, or SB Cess is prohibited and could result in penalties for non-payment of KK Cess.