Eligibility of input tax credit of cess on coal
This query is : Resolved
09 January 2019
XYZ (Manufacturer) receiving Coal where the supplier is charging CESS in the Tax Invoice. Can XYZ take input tax credit of the CESS charged in the invoice? If no, is there any specific provision under the law to deny the credit?
09 January 2019
The input tax credit in respect of compensation cess on supply of goods or services can be utilised only towards payment of the compensation cess on supply of goods or services.
Reference :- www.cbic.gov.in/htdocs-cbec/gst/51_GST_Flyer_Chapter22.pdf
Reference :- www.cbic.gov.in/htdocs-cbec/gst/51_GST_Flyer_Chapter22.pdf
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