07 January 2019
Can we take education and SH Ed. cess credit for the assessment pending those are pertaining to Excise Act, post GST i.e. in current period. For example we carry forward our cess balances in our books which is not allowable in TRAN 1 (GST return), and our assessment is also pending for Excise law so if we have liability under that law we can set-off that cess liability from balances under CENVAT credit rules 2004. Please clarify.