Taking cenvat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2015
My feburaury month cenvat credit of Basic service tax Rs 10,000/-, Edu cess 200/- & High edu cess Rs 100/- . my question is that as per budget of 15- 16 can utilize total service tax amt in excise or not ??

Or i should only use basic service tax for excise??

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10 March 2015 You cannot utilize edu cess for payment of service tax or excise duty

as of now there is no clarification form the board for unutilized balance of cess



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