AAAR : Upholds denial of transitional credit of accumulated KKC under GST

Aug 08,2018

Maharashtra Appellate Authority for Advance Ruling (AAAR) confirms the decision of AAR, disallows carry forward of accumulated credit of Krishi Kalyan Cess (KKC) appearing in Service Tax return of Input Service Distributor (ISD) on June 30, 2017; Perusing the provisions of CENVAT Credit Rules, AAAR observes that KKC could not be adjusted or cross utilized against payment of excise duty or service tax or vice versa; Rejects appellant's contention that Delhi HC judgment in Cell...


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