https://www.taxtmi.com/forum/issue?id=110504 Credit of Krishi Kalyan Cess can be used only for payment of KKC on output services and is not available for services under the Reverse Charge Mechanism; manufacturers therefore cannot presently utilise KKC credit. Manufacturers may either park the KKC as an asset in accounts pending possible future eligibility-accepting balance-sheet inflation-or expense it immediately, with any later change in law requiring reclassification to Cenvat credit. en-us Mon, 13 Jun 2016 12:10:58 +0530 Thu, 23 Jan 2025 15:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110504 Credit of Krishi Kalyan Cess can be used only for payment of KKC on output services and is not available for services under the Reverse Charge Mechanism; manufacturers therefore cannot presently utilise KKC credit. Manufacturers may either park the KKC as an asset in accounts pending possible future eligibility-accepting balance-sheet inflation-or expense it immediately, with any later change in law requiring reclassification to Cenvat credit. Discussion-Forum Service Tax Mon, 13 Jun 2016 12:10:58 +0530 https://www.taxtmi.com/forum/issue?id=110504