Ed.Cess & H.Se.Ed.Cess

[Sushil Kumar Sharma]

Dear sir,

After new budget 2015-16 change in central excise duty rate 12% to 12.5%.of all goods.

and Ed.cess 2% and H.S.ed cess 1% is exemption.

But Ed cess is laying with us as on 28.02.2015 in P.L.A. a/c and Cenvat a/c(Rg-23A part II)

what to do of this ed cess amount.

[Guest]

Dear Sir,

Till date Department is not declare for utilization of Closing balance in 2 % and 1%.

Pls wait, we are expected to the department is update before 1 st April 2015.

Regards

Pravin Kadam

[chetan rachhadiya]

Agree with Pravinji.

AI Summary

Guidance Sought on Handling Education Cess Changes After 2015-16 Budget Adjustments in Excise Duty Rates A query was raised regarding the changes in central excise duty rates from 12% to 12.5% and the exemption of the 2% education cess and 1% higher secondary education cess following the 2015-16 budget. The inquirer sought guidance on handling the remaining education cess in their accounts. Respondents advised waiting for further instructions from the department, which were anticipated before April 1, 2015.