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CENVAT BALANCE

Central Excise - Started By: - Vishnu Dutt Gupta - Dated:- 8-3-2017 Last Replied Date:- 14-3-2017 - Dear Sir, If Assessee have in Education Cess & SHEC as on date. As per notification 12/2015 CE(NT) Provided also that the credit of Education Cess .....

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f Act. There are restriction of dates and not clarity for credit taken before 1st March. Now in GST scenario can we transfer for use this balance if we are showing in return ? MK TMTL - Reply By Himansu Sha - The Reply = Yes, there is no restrictions .....

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D.O.F.No.334/5/2015-TRU dated 30.04.2015 issued by Joint Secretary (TRU-I) clarifies that- 1) Rule 3(7)(b) of the CCR, 2004 has been amended so as to allow utilisation of credit of Education Cess and Secondary & Higher Education Cess for payment .....

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ducation Cess and Secondary & Higher Education Cess on capital goods received in the factory of manufacture of final product in the financial year 2014-15; and c. Education Cess and Secondary & Higher Education Cess on input services received .....

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. The intent of the Government is that such balance would lapse. The only remedy available is to seek intervention of High Courts in exercise of their extra-ordinary powers under Art. 226 of Constitution of India. - Reply By Himansu Sha - The Reply = .....

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of the said Cenvat under GST, in my view, it is allowed. This is for the reason that the amount appearing in the last return under current tax regime would be allowed to carry forward as opening cenvat in the GST. However , the eligibility of availin .....

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date clause is there and Mr. Rajagopalan also refered. And It would be allowed to carry forward as opening CENVAT in GST as advised by Mr. Kalyani.. And it is not fair that the such balance would lapse. Mr. Himanshu also right ,that so many assesses .....

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