Indian Tax Solution
Clean Energy Cess (Amendment) Rules, 2010- Monthly return prescribed
Levy of Clean Energy Cess – The reduced accounting code to be quoted for depositing “Clean Energy Cess” is 00380086 (U.E.D)
Circular on Clean Energy Cess
Effective from 1 st July 2010
Certain Sections of the Central Excise Act to be applicable to Clean Energy Cess.
Effective rate of Cess to be Rs.50 per tonne.
Coal, lignite and peat exempted from Cess if Cess has been paid at the raw stage.
Goods extracted as per traditional rights enjoyed by tribals of Meghalaya, exempted.
Clean Energy Cess Rules Notified.
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...