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Regarding cess
I am a brick suppliers .I purchase coil and they cut cess..Now my question is 1.how to use cess when I sale bricks.2.can I claim cess at my 3b return.
Replies (1)
You can claim ITC on Compensation Cess paid on your purchases. However, this credit is "locked"—it can only be used to pay the Compensation Cess liability arising from your outward supplies and cannot be used to settle other GST taxes. You report this in your GSTR-3B return under the eligible ITC section
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