Cenvat credit cess balance
Suganya S (Officer) (28 Points)
22 April 2016
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 23 April 2016
No,
Cenvat rules have diff account codes for cenvat / edu cess and S&HS EC , and its not interchangable
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 23 April 2016
Accumulated EC + SHEC cannot be utilised presently. Refund maybe possible but has to be tried out.
It can be carried forward with a hope that once GST is introduced, it maybe allowed to be converted to GST credit.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961