clean energy cess

Should Cess and Surcharge Be Permanent?

Custom Duty - CESS: It is a kind of tax collected by the Government for a specific purpose and it is levied until the purpose for which it is collected is fulfilled. It is considered as an additional tax imposed by Government other than the usual taxes and duties like Income Tax, Property Tax, Gift Tax, Sales Tax, […]...

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Budget 2022: Cess and surcharge not allowable as deduction

Custom Duty - Clarification regarding treatment of cess and surcharge Section 40 of the Act specifies the amounts which shall not be deducted in computing the income chargeable under the head “Profits and gains of business or profession”. Sub-clause (ii) of clause (a) of section 40 of the Act provides that any sum paid on account of any […]...

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Deduction of Health & Education Cess from Taxable Income

Custom Duty - Interesting Income Tax Issues: Deduction of Health and Education Cess from Taxable Income : AY 2020-21 Background Sec. 40(a)(ii)  of the Income –tax Act provides that  ‘any sum paid on account of any rate or tax levied on the profits or gains of any business or profession or assessed at a proportion of, or otherwise […]...

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Division Bench of Madras HC disallowed Cess transition into GST

Custom Duty - Whether the Respondent is entitled to carry forward the accumulated unutilized amount of EC, SHEC and KKC to be utilized against the output GST tax liability?...

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What is Cess and Surcharge

Custom Duty - What are Cess and Surcharge? While calculating income tax, you have to calculate Cess and Surcharge also. Especially for those who are going to file income tax for the first time, the term Cess and Surcharge is a bit of a brainwave. In this article, we will understand the meaning of Cess and Surcharge. It […]...

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Pre-GST unutilized Credit of Education Cess, SHEC and KKC eligible to be refunded

International Seaport Dredging Pvt. Ltd Vs Commissioner of GST (CESTAT Chennai) - CESTAT set aside the impugned order pertaining to the rejection of refund of unutilized cenvat credit of Education Cess, SHEC and KKC...

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Cess allowable in computation of Income from Business or Profession

Overseas Polymers Private Limited Vs ACIT (ITAT Mumbai) - Overseas Polymers Private Limited Vs ACIT (ITAT Mumbai) Legislature in Sec. 40(a)(ii) has though provided that ‘any rate or tax levied’ on ‘profits and gains of business or profession’ shall not be deducted in computing the income chargeable under the head ‘profits and ...

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Seeks to replace references to Clean Energy Cess with Clean Environment Cess

Notification No. 1/2016 - Clean Environment Cess - (14/05/2016) - G.S.R. 510 (E).-In exercise of the powers conferred by sections 83 and 84 of the Finance Act, 2010 (14 of 2010), the Central Government hereby directs that any reference to ‘Clean Energy Cess’, in the rules, notifications, instructions, decisions, or orders, made or issued under the said section...

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Notification No.1/2016 – Clean Energy Cess Dated 1/3/2016

Notification No.1/2016-Clean Energy Cess [G.S.R.253(E).] - (01/03/2016) - G.S.R. (E). - In exercise of the powers conferred by sub-section (7) of section 83 of the Finance Act, 2010 (14 of 2010) read with section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the...

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Notification No. 2/2016-Clean Energy Cess Dated 1/3/2016

Notification No. 2/2016-Clean Energy Cess [G.S.R.254(E).] - (01/03/2016) - G.S.R. (E). - In exercise of the powers conferred by section 83 of the Finance Act, 2010 (14 of 2010), read with sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the f...

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All about Infrastructure Cess provided by Budget 2016

Notification No. 1/2016–Infrastructure Cess [G.S.R.255(E).] - (01/03/2016) - G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-clause (3) of clause 159 of the Finance Bill, 2016, which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collectio...

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Circular on Levy of Clean Energy Cess, Dated: 08.09.10

Circular No. F.No. 354/72/2010-TRU - (08/09/2010) - It may kindly be recalled that while communicating the clean energy cess notifications, it has been stated that the office of Chief Controller of Accounts has already been requested to assign a minor head for the payment of this cess both on domestic and imported coal & relevant communication convey...

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Recent Posts in "clean energy cess"

Should Cess and Surcharge Be Permanent?

CESS: It is a kind of tax collected by the Government for a specific purpose and it is levied until the purpose for which it is collected is fulfilled. It is considered as an additional tax imposed by Government other than the usual taxes and duties like Income Tax, Property Tax, Gift Tax, Sales Tax, […]...

Read More
Posted Under: Service Tax |

Pre-GST unutilized Credit of Education Cess, SHEC and KKC eligible to be refunded

International Seaport Dredging Pvt. Ltd Vs Commissioner of GST (CESTAT Chennai)

CESTAT set aside the impugned order pertaining to the rejection of refund of unutilized cenvat credit of Education Cess, SHEC and KKC...

Read More

Budget 2022: Cess and surcharge not allowable as deduction

Clarification regarding treatment of cess and surcharge Section 40 of the Act specifies the amounts which shall not be deducted in computing the income chargeable under the head “Profits and gains of business or profession”. Sub-clause (ii) of clause (a) of section 40 of the Act provides that any sum paid on account of any […]...

Read More
Posted Under: Service Tax |

Cess allowable in computation of Income from Business or Profession

Overseas Polymers Private Limited Vs ACIT (ITAT Mumbai)

Overseas Polymers Private Limited Vs ACIT (ITAT Mumbai) Legislature in Sec. 40(a)(ii) has though provided that ‘any rate or tax levied’ on ‘profits and gains of business or profession’ shall not be deducted in computing the income chargeable under the head ‘profits and gains of business or profession’, ...

Read More

Deduction of Health & Education Cess from Taxable Income

Interesting Income Tax Issues: Deduction of Health and Education Cess from Taxable Income : AY 2020-21 Background Sec. 40(a)(ii)  of the Income –tax Act provides that  ‘any sum paid on account of any rate or tax levied on the profits or gains of any business or profession or assessed at a proportion of, or otherwise […]...

Read More
Posted Under: Service Tax |

Division Bench of Madras HC disallowed Cess transition into GST

Whether the Respondent is entitled to carry forward the accumulated unutilized amount of EC, SHEC and KKC to be utilized against the output GST tax liability?...

Read More
Posted Under: Service Tax |

What is Cess and Surcharge

What are Cess and Surcharge? While calculating income tax, you have to calculate Cess and Surcharge also. Especially for those who are going to file income tax for the first time, the term Cess and Surcharge is a bit of a brainwave. In this article, we will understand the meaning of Cess and Surcharge. It […]...

Read More
Posted Under: Service Tax |

E-Book on Clean Environment (Energy) Cess

The matter in this e-Book is based on variety of sources including material freely available on Internet/Websites. The purpose of this e-Book is primarily education and training. It is not our intention to infringe any copyrights. However, if anybody has any issue with regard to any of the material used in this e-Book, the same may kin...

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Posted Under: Service Tax |

Seeks to replace references to Clean Energy Cess with Clean Environment Cess

Notification No. 1/2016 - Clean Environment Cess 14/05/2016

G.S.R. 510 (E).-In exercise of the powers conferred by sections 83 and 84 of the Finance Act, 2010 (14 of 2010), the Central Government hereby directs that any reference to ‘Clean Energy Cess’, in the rules, notifications, instructions, decisions, or orders, made or issued under the said sections, shall, be construed as references to ...

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Three New Cesses under Indirect Taxes

Though there is no major change in basic tax rates in direct and indirect taxes, the Budget 2016-17 talks of following three cesses- Clean Environment Cess (renamed from clean energy cess), Infrastructure Cess and Krishi Kalyan Cess....

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Posted Under: Service Tax |

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