Secondary and Higher Edcuation Cess

Can anyone let me know as to  When SHE(1%) Secondary and higher Education Cess applicable? Is it with effect from April 1,2007 or when the Finance bill is passed ?

Is it applicable for all -TDS, Income Tax , Service Tax, Central Excise ..etc?
Replies (6)
Mr. Ganesh,

As for She --> For Excise appl frm 1st MArch
                --> Serv tax appl frm the date of passing of the finance act
                --> Income tax & TDS from 1/4/07
The One Says:

To add to what CA Deepa has accurately stated and without prejudice thereof - you need to take a statement of pre-budget stock ie held upto 28-02-2007 since the SHE cess would not be applicable on such stock. This will help demarcate pre/post budget stock and so that the additional duty is not paid. Also demarcate stock grade and category wise.

If SHE Cess is paid on the pre budget stock it will at cost to the company. To be precise SHE Cess would be applicable from 00:00:00 on 01-03-2007 for Central Excise purposes.

For Income Tax, TCS/TDS and Service tax it would apply from the beginning of financial year and the passing of Finance Bill,2007 respectively.

Hope its useful.
I would like to correct Mr Ganesh on his reply that SHE for Income Tax will be from 1/4/2007. I think SHE will be either from 1/4/2007 or the date on which it receives the assent of the president whichever is later.
please correct me if I am wrong
o dont think so, i think CA Deepa is correct in what she has stated
It will effect after finance bill 2007 passed

Dear all, please tell me the site name where from I can download the eTDS return filing software in free of cost.

 

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