TMI BlogAdditional Cess of 1% on taxable services - how to avail and utilize Cenvat creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Additional Cess of 1% on taxable services - how to avail and utilize Cenvat credit - Commentaries / Editorials Dated:- 16-5-2007 - News - As we know that additional cess of 1% Secondary and Higher Ed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucation Cess is leviable on taxable services with effect from 11-05-2007 and on Goods manufactured (Central Excise Duty) and Goods Imported (Customs Duty) it has been levied with effect from 1-3-2007. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Now a general query is being raised, the manner and procedure for availing and utilizing this additional 1% cess. As per the amended rule 3 of the Cenvat Credit Rules, 2004 , Cenvat Credit of " ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... education cess" and "secondary and higher education cess" will be treated at par. Cess (E Cess or SH E Cess) is to be used to pay cess (E cess or SH E Cess) only. One can be used to pay second but b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oth can not be used to pay service tax or excise duty. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|