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Whether Education Cess, Secondary and Higher Education Cess Can be claimed as Credit In GST
Replies (18)
NO
Not allowed itc in gst regime
then what will happen to those items
1. will it lapse
2. can we claim refund
3. book them as expenditure
pls advice with relevant provisons
1. will it lapse
2. can we claim refund
3. book them as expenditure
pls advice with relevant provisons
3. book them as expenditure
pls substantiate with provision.
provision in gst if any pls
For What U need an provision ??
hello mr . Prakash pls see my query above
and accordingly suggest me with a provision in law
For that No Provision in GST
above suggestion is based on Generally Accepted Principle that is If there is No Credit In GST obviously u should claim from Old authorities or Expense it
above suggestion is based on Generally Accepted Principle that is If there is No Credit In GST obviously u should claim from Old authorities or Expense it
The Transitional provisions under the CGST Act allow carryover of only the
Cenvat Credit and Credit of eligible duties mentioned in the explanations given
at the end of section 140. Education Cess & Secondary and Higher Education
Cess are not mentioned there. Therefore these will not be carried forward as credit of
these cesses is not allowed under GST
ayyasamy this is fine. my query is for treatment of them in our books.
u adviced to book them as expenditure.
on what basis u have asked us to book them as expenditure and for this I have seeked the provision
u adviced to book them as expenditure.
on what basis u have asked us to book them as expenditure and for this I have seeked the provision
Checkout Section 140 in GST Udyog
https://play.google.com/store/apps/details?id=com.offlineappsindia.gst&referrer=utm_source%3Dsection%26utm_campaign%3Dvia_app
https://play.google.com/store/apps/details?id=com.offlineappsindia.gst&referrer=utm_source%3Dsection%26utm_campaign%3Dvia_app
in the above link read Explaination 2 where that No Mention of Cess
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