Generally debited to P&L acc....
Depends upon the inward supply, whether consumed in manufacture or any capital asset.
For re-sellers, Input credit (ITC) can be levied on cess paid on inward supplies and it can only be used to pay the cess liability. For any excess cess, it can be debited as expense.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
