Modvat balance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2010
we have cenvat credit balance of excise.
And during the month education cess & surchage is payable.
Can I adjust cenvat credit against surcharge and education cess or i have to pay education cess & surchage. Please help out.
And during the month education cess & surchage is payable.
Can I adjust cenvat credit against surcharge and education cess or i have to pay education cess & surchage. Please help out.
Rajan Kapoor
(Expert)
14 October 2010
You can not adjust the education cess on CENVAT balance of excise duty. You have to pay education cess.
Ram Avtar Singh
(Expert)
14 October 2010
seperate accounts will maintain for all type of duty and cess and pay shot amount by PLA.
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