https://www.taxtmi.com/forum/issue?id=110412 The Krishi Kalyan Cess is a new levy and, under Point of Taxation Rules, 2011, Rule 5 governs its transitional application: tax is not payable where invoice and payment both precede the levy, and is also not payable where payment precedes the levy and invoice is issued within fourteen days; outside these exceptions the levy applies. Interaction with reverse charge and a proviso to Rule 7 addressing change in liability was debated, but practitioners largely concurred that Rule 5 controls the KKC transition. en-us Fri, 27 May 2016 11:51:35 +0530 Thu, 23 Jan 2025 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110412 The Krishi Kalyan Cess is a new levy and, under Point of Taxation Rules, 2011, Rule 5 governs its transitional application: tax is not payable where invoice and payment both precede the levy, and is also not payable where payment precedes the levy and invoice is issued within fourteen days; outside these exceptions the levy applies. Interaction with reverse charge and a proviso to Rule 7 addressing change in liability was debated, but practitioners largely concurred that Rule 5 controls the KKC transition. Discussion-Forum Service Tax Fri, 27 May 2016 11:51:35 +0530 https://www.taxtmi.com/forum/issue?id=110412