What is the fate of unutilsed portion of Primary and Secondary Education Cess as on 31 May 2015? Can we set off against service tax payable?

Posted 1 year, 6 months ago by Rajagopalakrishnan Ramanathan

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, 6 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, 6 months ago by SANJAY KUMAR GANNA

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