Whether Cenvat Credit Of The Kkc Is Available?

1.	Whether Cenvat Credit Of The Kkc Is Available?
Answer» The CENTRAL GOVERNMENT vide Notification No. 28/2016-CE (N.T.) dated May 26, 2016, has amended Rule 3 of the CREDIT Rules to provide that: Ø A provider of output service shall be allowed to TAKE Cenvat credit of the KKC on taxable services leviable under Section 161 of the Act; Ø Cenvat credit of any duty specified in Rule 3(1) of the Cenvat Credit Rules, 2004 (“the Credit Rules”) shall not be utilised for payment of KKC; Ø Cenvat credit in respect of KKC shall be utilised only towards payment of KKC. The Central Government vide Notification No. 28/2016-CE (N.T.) dated May 26, 2016, has amended Rule 3 of the Credit Rules to provide that:

Answer»

The CENTRAL GOVERNMENT vide Notification No. 28/2016-CE (N.T.) dated May 26, 2016, has amended Rule 3 of the CREDIT Rules to provide that:

Ø A provider of output service shall be allowed to TAKE Cenvat credit of the KKC on taxable services leviable under Section 161 of the Act;
Ø Cenvat credit of any duty specified in Rule 3(1) of the Cenvat Credit Rules, 2004 (“the Credit Rules”) shall not be utilised for payment of KKC;
Ø Cenvat credit in respect of KKC shall be utilised only towards payment of KKC.

The Central Government vide Notification No. 28/2016-CE (N.T.) dated May 26, 2016, has amended Rule 3 of the Credit Rules to provide that:

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