Additional Cess of 1% on taxable services - how to avail and utilize Cenvat credit

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..... Additional Cess of 1% on taxable services - how to avail and utilize Cenvat credit
News and Press Release
Dated:- 16-5-2007

As we know that additional cess of 1% Secondary and Higher Edu .....

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..... cation 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. .....

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..... 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 "educat .....

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..... ion 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 both can .....

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..... not be used to pay service tax or excise duty.
News - Press release - PIB .....

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