Can basic excise duty is available to setoff ed.cess
This query is : Resolved
31 December 2011
Dear Experts,
1. Can I Setofff Ed.Cess Payable and Sh.Ed.Cess Payable on Excise duty with Basic Excise duty Input?
2. Also, let me know whether Ed.Cess Payable and Sh.Ed.Cess Payable on Service Tax can be setoff from Ed.Cess and Sh.Ed.Cess input of Excise duty.
3. Vice versa of Above.
Thanks in Advance.
1. Can I Setofff Ed.Cess Payable and Sh.Ed.Cess Payable on Excise duty with Basic Excise duty Input?
2. Also, let me know whether Ed.Cess Payable and Sh.Ed.Cess Payable on Service Tax can be setoff from Ed.Cess and Sh.Ed.Cess input of Excise duty.
3. Vice versa of Above.
Thanks in Advance.
Mahesh Paryani
(Expert)
01 January 2012
Dear Sidhardh
1) You can setoff Basic excise duty with any duty (that includes EDU and HEDU) but EDU and HEDU can be setoff against EDU and HEDU respectively.
2) For 2nd question Yes
3) For 3rd question Yes
1) You can setoff Basic excise duty with any duty (that includes EDU and HEDU) but EDU and HEDU can be setoff against EDU and HEDU respectively.
2) For 2nd question Yes
3) For 3rd question Yes
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