Refund Denied: Cess Credits Non-Transferable Under GST; Court Upholds CENVAT Rules and Section 54 Restrictions.
Case-Laws
GST
The petitioner's claim for refund of unutilized credit on account of payment of Service Tax, Education Cess (EC), Secondary and Higher Education Cess (SHEC), and Krishi Kalyan Cess (KKC) under the GST regime was rejected. The court held that EC, SHEC, and KKC can only be utilized for payment of such cess and not for any other purposes under the CENVAT Credit Rule
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