Eligiblity of Penalty on Volunteer Service Tax Credit Reversal, Service Tax

[Bhausaheb Gole]

Dear Experts:

We are manufacturer of exciseble goods. We have taken Service Tax credit on our Input services consumed in manufacturing process. after some days we knews that in internal audit some credit are inadmisible & we reversed without utilisation,, after in Audit EA2000 it has pointed out & Auditor raise the query to pay the penalty on reversal amount,

Please advice if is there any related case laws..

Posts / Replies

[KASTURI SETHI]

Dear Sh.Bhaskar Rao Ji,. Thanks a lot for your compliments. Such feedback give us satisfaction and boosts our moral to go ahead.