Can i utilized The Education Cess Credit From Basic Duty
This query is : Resolved
vaibhav vilas kulkarni
(Querist)
23 February 2011
Sir,
We have a D.T.A. UNIT , i have a pending cenvat credit in Education cess & higher Education Cess . Can i use that credit for paying the Basic Excise Duty. if that not happen then give me any solution, How can i utilized my credit .
Thank's
VVK
We have a D.T.A. UNIT , i have a pending cenvat credit in Education cess & higher Education Cess . Can i use that credit for paying the Basic Excise Duty. if that not happen then give me any solution, How can i utilized my credit .
Thank's
VVK
Ashok Asthana
(Expert)
23 February 2011
No. Education cess and Higher education cess can be utilised for payment of Ed cess and HES. The pay head headings of BED and cess are different.
23 February 2011
No , cross utilisation is not allowed. Carry over is the only solution.
vaibhav vilas kulkarni
(Querist)
25 February 2011
Thank's sir,
Thanks for your valuable Suggestion.
Thanks for your valuable Suggestion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
