Cessess amount utilization as per new Budget

[Mathurthi RamKumar]

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

[Emco Ltd.]

Dear Mr. Ram Kumar Ji

You could not utilized the Ed. Cess and Secondary Higher Education cess till further clarification has not been received by the CBEC. You can credit both cess in your Cenvat Register and reflected in ER-1 Return and whenver any clarification received then you will be utlised accordingly.

Regards

Amit Parmar

AI Summary

Cenvat utilization restriction: education and secondary higher education cess must be credited and disclosed but not used pending CBEC clarification.
Until CBEC issues authoritative clarification, Education Cess and Secondary Higher Education Cess shown on supplier excise invoices must not be utilised as Cenvat credit; they may be credited in the Cenvat Register and reflected in the ER-1 Return and will be utilised only after receipt of CBEC guidance.