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Excess availment of Cenvat Credit, Central Excise

Issue Id: - 110772
Dated: 9-8-2016
By:- mukesh pareek

Excess availment of Cenvat Credit


  • Contents

Dear Sir,

last month we have availed excess Cenvat credit on a perticular input. now we realised our mistake so now we have revered excess amount from Cenvat credit books and also we have paid interest through PLA.

Now question is that where and under which rule show this in ER-1 return ?

MADE - ARREARS
Select Sl No Payments Amount Paid (Rs.) GAR-7 Challan BSR Code Source Document No.
Account Current Credit Account No. Date No. Date
1
Total : 0 0  
 
DETAILS OF OTHER PAYMENTS MADE - INTEREST
Select Sl No Payments Amount Paid (Rs.) GAR-7 Challan BSR Code Source Document No.
Account Current No. Date No. Date
1
Total : 0  
 
DETAILS OF OTHER PAYMENTS MADE - MISCELLANEOUS
Select Sl No Payments Amount Paid (Rs.) GAR-7 Challan BSR Code Source Document No.
Account Current Credit Account No. Date No. Date
1
Total : 0 0  

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 9-8-2016
By:- JSW CEMENT LIMITED

in this case, the reversal of duty has to be shown in cenvat sheed in Cenvat credit utilized for other payment of ER1 return and interest payment through PLA has to be shown in Details of other payments made - miscelleneous (Others)


2 Dated: 9-8-2016
By:- mukesh pareek

When Cenvat Credit show in "Credit Utilised for other payment" then we need to give breakup of that payment in next page (which mention above)

so, My question is under which ( out of above three category ) we can debit excess credit ?


3 Dated: 10-8-2016
By:- JSW CEMENT LIMITED

When you show reversal in cenvat page, one more sheet Other1 will be created where you have to select the Cenvat and show the reversal amount in credit account. Interest paid in cash has to be shown in Other Payments sheet option no.3 as above


Page: 1

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