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Cess itc I ledger

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CA NAMRATA KAYARWAR

316 Points Posted on 20 September 2025

Traders of coal having balance of cess I Thierry credit ledger. what to do with balance of cess in ledger.

Replies (2)

Quick Summary

With the upcoming GST 2.0 and the removal of Compensation Cess on coal from September 22, 2025, any remaining Compensation Cess in your electronic credit ledger will lapse. This means the balance cannot be claimed, refunded, or used to offset other GST liabilities. The CBIC has confirmed that this credit will become unusable and cannot be carried forward.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212511 Points Posted on 23 September 2025

With the introduction of GST 2.0 and the removal of Compensation Cess on coal effective September 22, 2025, any balance of Compensation Cess in the electronic credit ledger of traders (including those trading in coal) will simply lapse and cannot be availed, refunded, or adjusted against other GST liabilities. The Central Board of Indirect Taxes and Customs (CBIC) has clearly stated that since there is no longer any cess to be discharged on coal (and other items for which cess existed), any credit balance of cess in the ledger will become unusable and will not be refunded or carried forward for any other setoff.