Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

UTILIZATION OF Edu.cess and H.Edu.cess

Central Excise - Started By: - sanjay jain - Dated:- 9-6-2016 Last Replied Date:- 25-6-2016 - we have Edu. cess and H.Edu. cess credits in our RG 23 PART II. Should we utilize these cess in payments of basic Ex.duty and if yes, what will be procedure to utilise.Thanks - Reply By Ganeshan Kalyani - The Reply = No you cannot take the credit. - Reply By KASTURI SETHI - The Reply = Dear Sh.Sanjay Jain, Pl. go through notifications appended below, (especially highlighted portion of both notifications .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Ed. Cesses received after 1.3.15 (in Central Excise) and after 1.6.15 (in Service Tax) cannot be utilised. Thus I endorse the view of Sh.Ganeshan Kalyani, Sir. I have just elaborated with Notifications amending Cenvat Credit Rules,2004. - Reply By Ganeshan Kalyani - The Reply = Sir I remember long back there was NCCD credit which after amendment was not allowed to take. The assesses were carry forwarding such credit in their books of accounts. Such is the case of Ed.cess and SH. Ed. Cess. - Rep .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version