Hi Seema,

Yes, you can definitely go for higher studies with a KT in 5th sem as generally the KT are not shown on final marksheet. Moreover, even if during an interview they find out about your KT be prepared with an upto the mark answer justifying the reason for your KT. A good percentile in CAT follwoed by good interviews can easily get you through an IIM for MBA.

Hope this helps. All the best.