Balance laying in pla i.e personal ledger account.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2015 As we can merge all balances in different heads i.e education cess, Auto.cess in one basic excise duty head? and use the same balance for the payment of excise duties.If the balances in education & S.H education cess laying in PLA can we utilise for the payment of excise duty.After 1st March 2015
Ashwin R. Joshi

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

17 May 2015 The credit of Education Cess and Secondary and Higher Education Cess paid on inputs or capital goods received in the factory of manufacture of final product on or after the 1st day of March, 2015 can be utilized for payment of the duty of excise leviable under the First Schedule to the Excise Tariff Act.

Message likes : 1 times