Can i utilized The Education Cess Credit From Basic Duty
This query is : Resolved
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
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.
25 February 2011
Thank's sir,
Thanks for your valuable Suggestion.
Thanks for your valuable Suggestion.
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