excise duty as per current budget 2015-16, Central Excise

[ASHOK AMIN]

Dear Sirs,

Kindly let me know as per current budget 2015-16 the education cess had been subsumed with central excise duty (i.e. 12.36% to 12.50%) , Sir, while preparing invoice should we show only excise duty as 12.50 % ? What about education cess ?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Only excise duty is to be shown.

[umesh chandra]

Hi Colleague,

Is there notification to transfer Education Cess and Secondary & higher Education cess may be transferred to Basic Excise account or shall we continue the un-utilized balance?

Kind regards,