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Comments on: Credit Balance of Education Cess & SHE Cess – Never ending Story !!!
https://taxclick.org/type/services-tax/credit-balance-of-education-cess-she-cess-never-ending-story/?utm_source=rss&utm_medium=rss&utm_campaign=credit-balance-of-education-cess-she-cess-never-ending-story
Sun, 13 Mar 2016 10:59:58 +0000
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By: N Subrahmanyam.
https://taxclick.org/type/services-tax/credit-balance-of-education-cess-she-cess-never-ending-story/#comment-92
Fri, 11 Mar 2016 10:30:32 +0000#comment-92Central Excise Board and the Commissioner who have been represented on 28th 29th of Oct 2015 have not discussed the issue in detailed. Simply issue is becoming a big litigation.
To the best of my knowledge Notification No. 12/2015 is not stating that you can not utilize the cenvat balance of 01.03.2015 for subsequent clearances.
Once is it permitted for taking and utilization of last financial year 2014-2015 means it is allowed for utilization of balances which are available as on 01.03.2015.
F. No. 96/85/2015 CX-I dated 7th Dec 2015 is not having any strength. It is not supported by a Circular or a Notification.
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