Excise - ec & shec

516 views 1 replies

Good Morning to all.....

In the current budget .. the Edu.Cess 2% & Sec.edu.cess 1% is exempted vide Notification no. No.14/2015-Central Excise & Notification no. No.15/2015-Central Excise.

My question: We are a registered central excise assessee and have a manufacturing unit. One of our bearing supplier is charged the both cess on his bearing invoices of current month [mar-2015]. when I asked him to don't charge the cess amount, becuase it is exempted, then he replied that he received the material with cess amount charged from his bearing manufacturer company, so he liable to charge and take the cess amount from customers.

In this case what we can do ?. Can we avail the cenvat of cess amount ? Or we booked/add the cess in  purchase amount ?

 

Replies (1)

Dear Navneet,

After amendments in budget, No Dealer can charge Education Cess & Higher Ed. Cess..Even if he charges in invoice, you can not avail any CenVAT credit on Education Cess & Higher Ed. Cess.

Regards: -

CA Harshal Pahade

9272344759


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register