Sir,
Could you tell me can we utilise Higher education cess to pay education cess liability.
I am waiting for your reply.
5 Replies
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 21 May 2009
I mean to say that
Technically, the amount of education cess and higher education cess should be separately shown on the invoice but when your Net liability is derived then you can set off one ilability against the excess of other.
If you want to say that whether we can make combined entry for E cess & SHE cess then i would say no you can not make combined entry as both are different in nature.
Please correct me if i am wrong.
kumarsatish022
(Professional)
(165 Points)
Replied 21 July 2009
No H.Ed cess cannot be used to pay ED cess and vice-versa both r different but B.ED can be used to pay ED cess
Rajesh
(CA_FINAL)
(48 Points)
Replied 24 July 2009
Yea I completely agree. HSEC cannot be utilised for the payment of EC and vice versa. They should be used for each one respectively. But BED, SED, ADD(GSI), CVD, Speical CVD, ST on Input Service can be utlised for the Payment of EC and HSEC.
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