KKC not eligible for Input Tax Credit under GST- AAAR, Maharashtra

In re Kansai Nerolac Paints Limited (GST AAAR Maharashtra) Also Read AAR Ruling- No input tax credit for Krishi cess in GST Regime: AAR The Appellate Authority held that the accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service tax return of Input Service Distributor (ISD) on June 30, 2017 which is carried forward in the electronic credit ledger maintained by the Appellant under CGST Act 2017, shall not be allowed to be taken as admissible input tax credit. Accordingly the order of AAR stands confirmed in terms of the above order. My commentary on the ruling would he...