Cenvat credit of education cess and shec

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Sir, My company is service provider and imported some fixed asset. can we take cenvat credit of below mentioned cess. Education Cess on CVD* SHEC on CVD* Education Cess on BCD SHEC on BCD As per new Amendments. plssss.. rply I need a help
Replies (6)

Some one please reply.

it's URGENT.

First Considered some facts below:

1. You can take credit of EC and SHEC but it can't be utilized against payment of other taxes. as it is only utilized against EC and SHEC.

2. Provision of Takinf Credit of EC and SHEC is still available in Rule 3 of CCR 2004.

3. In ST return for Second Half Year of 2015-16. there was still a column where you can show unutilized balance of EC and SHEC. 

Further Clarify the calculation of Bill so that exact provision of law will be suggested over it.

 

Thank you very much. SUJEET KUMAR JI  for your reply.

sir i have attached cbec notification for more clarification.

please check the attachment.

 

 

 

sir i have posted the query regarding the same.

please rply.

thank you

 

Credit of EC and SHEC is paid at the time of import of CG which is used for providing Taxable output service can be availed under rule 3 of CCR, 2004.

Credit of the EC and SHEC may be utilised for the payment of EC and SHEC on output service provided.

However, proviso inserted in sub rule (7) of the Rule 3 of the said rules which allow the credit of EC and SHEC paid on CG which is received in the premises of provider of output services on or after 01.06.2015 may be utilised for the payment of service tax on output service.

Further, reason to insert this proviso was subsuming of EC and SHEC in the rate of service tax and Excise only. If you interpret this proviso laterally then credit may be availed in your case. However, logical interpretation of the same would not allow credit of EC and SHEC for the payment of Service tax on output service provided.

Originally posted by : nitin
Sir,
My company is service provider and imported some fixed asset. can we take cenvat credit of below mentioned cess.
Education Cess on CVD*
SHEC on CVD*
Education Cess on BCD
SHEC on BCD
As per new Amendments.
plssss.. rply I need a help

NO ec and SHEC can be availed as EC and SHEC on ST is not applicable now.

 


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