REGARDING ADJUSTMENT FROM CREDIT OF EDU CESS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2010 WE HAVE RECIEVED BILLS ON WHICH SERVICE TAX AND EDU CESS IMPOSED.
NOW WE WANTS TO ADJUST OUR SERVICE TAX AND EDU CESS FROM THE ABOVE SAID CREDIT.
NOW WE WOULD HAVE TO ADJUST OUR SERVICE TAX FROM THE CREDIT OF SERVICE TAX AVAILABLE AND THE EDU CESS FROM THE EDU CESS CREDIT AVAILABLE SEPERATELY

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 April 2010 input credit canbe take after made the payment for the bills

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2010 help me

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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12 May 2010 Credit of Primary Education Cess(2%) can be utilised towards payment of Primari Education Cess only.

Similar is the case with Secondary and Higher Education Cess(1%).

However, Credit of Service Tax can be utilised for payment of Service Tax as well as both type of Education Cess.