TaxTMI 
TaxTMI 
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
about input as such(2% & 1%)
15 Mar 2015 
3 Replies 
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Credit of education cess and secondary and higher education cess allowed on sales returns, but utilisation is restricted for post-repair clearances.
Credit arising from a sales return may be taken into the credit account, but exemptions introduced by notifications of 28 February 2015 prevent utilisation of credited education cess and secondary and higher education cess for clearances after repairing or remaking; where inputs are cleared as such, the cesses apply and credit treatment is relevant. (AI Summary)
Credit arising from a sales return may be taken into the credit account, but exemptions introduced by notifications of 28 February 2015 prevent utilisation of credited education cess and secondary and higher education cess for clearances after repairing or remaking; where inputs are cleared as such, the cesses apply and credit treatment is relevant. (AI Summary)