higher secondery education cess

[Former Member]

hai this is swamy what condition record for hgiher cess and how it will be maintian record . iam doing the e cess copying giving another name to that hcess to maintaing condtion record to 1 % it is possiblities plz let me give a nawser immediatlay

thank u krishna kishor i am rel

[Former Member]

Hi,

Higher Secondary Education Cess, copy Condition Type JEXP and rename it as JA1X. @ 1%.

The full exemption limit for Excise Duty for Small Scale Industries is being increased from Rs. 1 Crore to Rs. 1.5 Crore.

Introduction of “Secondary & Higher Education CESS” - @ 1%

In Central Excise

In Service Tax

This “Secondary & Higher Education CESS” will be calculated just like Education Cess imposed in budget 2004. The existing Cess of 2% and proposed Cess of 1% are to be excluded while calculating both the Cess.

This credit can be utilized only for payment of Education Cess under the Finance Act 2004 or Secondary and Higher Education Cess.

regards

sadhu kishore