Dear Sir,
Kindly clarify following doubt about Cessess.
One of the supplier give Excise invoice in Feb-15 with Ed.Cess and Sh.Ed.Cess amount, and it's entered in our books in March 15. Can we utilize theses cessess in March return or not?
Kindly guide me.
Regards
Clarification Needed on Education Cess Utilization: Record in Cenvat Register, Reflect in ER-1, Await CBEC Guidance. A query was raised regarding the utilization of Education Cess and Secondary Higher Education Cess from an excise invoice received in February 2015, which was recorded in March 2015. The response advised that these cesses could not be utilized until further clarification from the Central Board of Excise and Customs (CBEC) was received. However, it was suggested to credit these cesses in the Cenvat Register and reflect them in the ER-1 Return, with utilization to follow upon receiving the necessary clarification. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
