As of now there is no clarity or I am not aware of it. Accumulated credit is lying in books and companies not sure what to do with it.
Hopefully department may come up with a notification to clarify the status.
Posted 1 year, 9 months ago by Rahul Rai
i also agree with Rahul.
to utilize the Credit of Cess we have to wait for the notification.
I advice in Notes to accounts put one point for this as Credit is carried forward and Credit is lying as it is at present
Posted 1 year, 9 months ago by SANJAY KUMAR GANNA
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