Edu.cess & SH Cess withdrawn.

[Samik Chaudhuri]

Sir

Our manufacturing co has not yet completed one year so we are having a huge a amount Ed.Cess and SH Cess in RG C/A and Service Tax which are exempted in this Budget now how can we adjust these cess amount. Please suggest me.

With thanks and regards

Samik Chaudhuri.

AI Summary

New Company Struggles with Adjusting Education Cess Post-Exemption; Awaits Guidance on Managing Unsettled Amounts A manufacturing company, not yet a year old, is facing issues with adjusting accumulated Education Cess and Secondary Higher Education Cess due to their exemption in the recent budget. The company seeks advice on how to manage these amounts. Suggestions include adjusting the cess against service tax liabilities until further notice or representing the issue to the government for a refund or adjustment permission. Stakeholders are advised to await a departmental notification or clarification on the matter.