Un utilzed credit of edu. cess & shedu.cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2016
Lying Un Utilized Credit of Edu & Sedu Cess before 28.02.2015 can be utilized or not
20 January 2016
n terms of amended Rule 3(7) of Cenvat Credit Rules, 2004 read with Notification No. 12/2015-CE (NT), dated 30.04.2015, only the amounts towards Education Cess & Secondary Higher Education Cess received after 01.03.2015 can be utilized for payment of excise duty. Prior to this date, such credit was not allowed to be utilized for payment of BED since the unamended Rule 3(7) permitted utilization of cess for relevant cess only and not for BED or any other duty. Accordingly, it is felt that the credit of these cesses as on 01.03.2015 would lapse.
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
- Supply through E-commerce Operators
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- GST ON DAMAGED GOODS
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
