Education Cess & Higher education cess

[vuchcholla Bhaskar]

Dear Sir,

Some of our suppliers charging Education cess and Higher education cess after budget. Now i m eligible to take credit or not. If i am taking credit then what is the procedure for refund like time period and documents required.

please help us in this regard.

Thanks,

Bhaskar

[Rajagopalan Ranganathan]

Sir,

It depends upon the date of invoice. If the invoice is dated prior to 1.3.2015, then your supplier would have charged Education cess and Secondary and Higher Education cess since these are exempted from 1.3.2015 under Notification No. 14 and 15 of 2015 CE dated 1.3.2015. If the invoice is dated prior to 1.3.2015 you supplier would have charged the cesses and you can take credit of the same but you cannot utilise the same the cesses are not payable on or after 13.2015. However, there is no clarity how to utilise the closing balance available in your credit account on or after 1.3.2015. We have to await the instructions from CBEC. However there is no question of refund of the same.

[YAGAY andSUN]

A nice reply by an expert. Sir your replies are simply perfect.

[vuchcholla Bhaskar]

Dear Sir,

Thanks for the valuable information.

Thanks,

Bhaskar

[Guest]

Dear Friends

If Invoice date is on or before 28/2/15 and removal date after 28/2/2015 even after can we take credit of Education cess.

regards

AI Summary

Education Cess Credit Eligibility Before March 1, 2015: Creditable But Not Utilizable; No Refunds Available A user inquired about the eligibility to claim credit for Education Cess and Higher Education Cess charged by suppliers after a budget change, and the procedure for refunds. An expert clarified that if the invoice is dated before March 1, 2015, the cesses could be credited, but not utilized, as they were exempted from that date. There is no clarity on using the closing balance post-exemption, and no refund is available. Another participant praised the expert's response, and the original inquirer expressed gratitude for the information. Further clarification was sought on credit eligibility for invoices dated before March 1, 2015.