Education Cess and S.H Ed.Cess as per new Budget

[Mathurthi RamKumar]

Dear All,

Good Morning...Kindly guide me for ed.cess and sh.ed cess for paper Industries . Presently we charging 6% Basic excise and 2% Paper cess , ed.cess 2% sh.ed.cess 1% local taxes extra . what about these cesses as per new budget.

Kindly guide me.

Regards

M.RamKumar

AI Summary

New Budget Update: Paper Industry to Charge Only 6% Excise from March 1, 2015; Cesses Removed per Notification 14/2015. An individual inquired about the application of education cess and secondary and higher education cess for the paper industry following changes in the new budget. They mentioned currently charging 6% basic excise, 2% paper cess, 2% education cess, and 1% secondary and higher education cess, plus local taxes. A respondent advised that from March 1, 2015, only a 6% charge applies, as per notification 14/2015, indicating that the previous cesses are no longer applicable.