https://www.taxtmi.com/article/detailed?id=6104 Budget exemptions remove Education Cess and SHE Cess on excise by notification while cessation on service tax is deferred, leaving customs cesses intact. No provision addresses disposal, utilisation, or refund of existing cenvat credit balances for these cesses, creating potential unrecoverable costs. Transitional issues include credits on goods in transit and input services, differential credit utilisation between manufacturers and service providers, questions over the appropriateness of fixed percentage credit reversal calibrated to prior rates, and apportionment problems under compound levy schemes, collectively giving rise to litigation and administrative clarification needs. en-us Sun, 01 Mar 2015 16:57:02 +0530 Mon, 02 Mar 2015 12:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6104 Budget exemptions remove Education Cess and SHE Cess on excise by notification while cessation on service tax is deferred, leaving customs cesses intact. No provision addresses disposal, utilisation, or refund of existing cenvat credit balances for these cesses, creating potential unrecoverable costs. Transitional issues include credits on goods in transit and input services, differential credit utilisation between manufacturers and service providers, questions over the appropriateness of fixed percentage credit reversal calibrated to prior rates, and apportionment problems under compound levy schemes, collectively giving rise to litigation and administrative clarification needs. Articles Service Tax Sun, 01 Mar 2015 16:57:02 +0530 https://www.taxtmi.com/article/detailed?id=6104