https://www.taxtmi.com/article/detailed?id=6841 A new Krishi Kalyan Cess (KKC) effective 1 June 2016 imposes an additional levy on taxable services, increasing the service tax rate to 15%; cenvat credit for KKC is permitted by circular for service providers but not for manufacturers and no rule amendment has been made; Point of Taxation issues arise under Rule 5 for forward charge (based on payment/invoice timing) and under amended Rule 7 for reverse charge (invoice date can be POT where service and invoice preceded the change but payment remained unpaid), with divergent professional views noted. en-us Wed, 01 Jun 2016 10:47:53 +0530 Wed, 01 Jun 2016 10:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6841 A new Krishi Kalyan Cess (KKC) effective 1 June 2016 imposes an additional levy on taxable services, increasing the service tax rate to 15%; cenvat credit for KKC is permitted by circular for service providers but not for manufacturers and no rule amendment has been made; Point of Taxation issues arise under Rule 5 for forward charge (based on payment/invoice timing) and under amended Rule 7 for reverse charge (invoice date can be POT where service and invoice preceded the change but payment remained unpaid), with divergent professional views noted. Articles Service Tax Wed, 01 Jun 2016 10:47:53 +0530 https://www.taxtmi.com/article/detailed?id=6841