Madras High Court allows credit transition of education, farm-related cesses into GST

The Madras High Court has allowed credit transition of Education Cess, Secondary/Higher Education Cess and Krishi Kalyan Cess into the Goods & Services Tax (GST) regime. Since the High Court’s orders have precedent value, this particular order can bring relief to many companies, whose cases are pending in various judicial forums. Education Cess (EC), Secondary and Higher Education Cess (SHEC)…