Dear Sir,
If Assessee have CENVAT balance in Education Cess & SHEC as on date.
As per notification 12/2015 CE(NT)
'Provided also that the credit of Education Cess and Secondary and Higher Education Cess paid on input services received by the manufacturer of final product on or after the 1st day of March, 2015 can be utilized for payment of the duty of excise specified in the First Schedule to the Excise Tariff Act.'
There are restriction of dates and not clarity for credit taken before 1st March.
Now in GST scenario can we transfer for use this balance if we are showing in return ?
MK
TMTL
Can CENVAT Credit Balances for Education Cess Be Used Under GST? Debate Over Pre-March 2015 Credits A discussion on a forum addresses the issue of utilizing CENVAT credit balances for Education Cess and Secondary & Higher Education Cess in the context of GST. Participants debate whether credits available before March 1, 2015, can be utilized or carried forward under the GST regime. Some argue that the credit can be utilized based on specific rules, while others note that balances as of February 28, 2015, may lapse unless judicial intervention is sought. The conversation highlights differing interpretations and suggests the possibility of litigation or government representations to clarify the matter. (AI Summary)
TaxTMI 
TaxTMI 
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