KKC is creditable for Manufacturing co.

[Samik Chaudhuri]

Sir

We are manufacturing co. Now i would like to know whether we could avail credit on KKC . Please advise me.

With thanks

Samik Chaudhuri.

[SHIVKUMAR SHARMA]

Mr.Samik

KKC is not Cenvatable for Manufacturing Company.

[Ganeshan Kalyani]

Sir, as of now KKC credit is eligible to service provider only. Thanks.

AI Summary

KKC credit remains unavailable to manufacturing companies and is currently eligible only for registered service providers under service tax
KKC credit is not available to manufacturing companies and cannot be availed as cenvat credit by manufacturers. Entitlement to KKC is confined to entities performing taxable services; KKC functions as a credit mechanism accessible to service providers rather than to manufacturing concerns, per forum advisory responses.