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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- FEMA regulation Act. for inward remitance
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
