Separate accounts - separate entries - Education cess - SHEC, Central Excise

[Manoj Aggarwal]

Whether separate accounts in books as well as separate entries in the bills are required in respect of Edu cess of 2% and SHE cess of 1% ?? Or can we charge straight 3% in the bill ??

Posts / Replies

[Sudhir V S]

Dear Mr. Aggarwal, Since SHEC is a seperate levy, it has to be accounted seperately, and also has ot be charged and paid seperately.