Is CESS is applicable on MAT?
and how to utilise MAT credit
I have in current year.
MAT liability 72,883
Actuall Tax provision 10,144
MAT Credit (Opening) 25,510
how to utilise MAT credit?
yes education cess is applicable on MAT.
as per given data
you have to pay tax as per MAT. and MAT credit will not get set off rather for c.y. you will get MAT credit.
CAclubindia
