CENVAT Credit utilization for Payment of Ed. Cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2011
We are registered under Central Excise as manufacturer.
We have balance of CENVAT Credit of Basic Excise duty, but no credit balance is available in respect of Ed. Cess and S.Ed Cess.
My question is, whether the CENVAT Credit of Basic Excise duty be get utilized for payment of Ed. Cess and S.Ed Cess on the final products u/r 3 of CENVAT Credit rules?
We have balance of CENVAT Credit of Basic Excise duty, but no credit balance is available in respect of Ed. Cess and S.Ed Cess.
My question is, whether the CENVAT Credit of Basic Excise duty be get utilized for payment of Ed. Cess and S.Ed Cess on the final products u/r 3 of CENVAT Credit rules?
25 May 2011
Yes,Credit of excise duty can be used for payment of Ed.Cess and S. Ed. Cess but not vise versa...
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
