about input as such(2% & 1%)

[MEHUL ASHAR]

Respected Sir,

As regarding above subject one my clients has recd. the a sales return with the buyer's invoice with 2% and 1% on BED now the question arises that can I take the credit of 2% and 1% in the month of march-2015 or not.

THANKING U

[Rajagopalan Ranganathan]

Sir,

Since it is sales return you can take the credit in your credit account. In view of the exemption given to Edu. Cess and S and H Edu, Cess under Notification No. 14 and 15 of 2015-CE dated 28.2.2015 you cannot utilise the credit for clearance of excisable goods after repairing, remaking etc.

[MUKUND THAKKAR]

Sir,

agree with suggested by Mr. Rajagopalan Ranganathan, In case of if you clear In put as such than 2% and 1% is applicable.

[MEHUL ASHAR]

THANK U SIR U SOLVED MY CONFUSION.I M GRATEFUL 2 U