Wrongly availed cenvat credit

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..... CENVAT CREDIT WRONGLY TAKEN WHILE AVAILING 50% ABATENMENT UNDER NOTF.1/2006. CAN THE AUDIT WING OF SERV. TAX DISSALLOW THE ABATEMENT? POSSIBLE LIAB. 22 LACS, CENVAT CREDIT 70,OOO - Reply By sudhir V .....

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..... S - The Reply = Dear Mr. Om prakash, The best way to get out of the issue would be revesal/payment of service tax along with the interest of 13% p.a. once the service tax has been paid the benifit und .....

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..... er notification 1/2006 should not be denied in my view - Reply By YASHAVANTH R.M. - The Reply = I accept the below view also if you pay service before audit with interest you may be not penalised for .....

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..... voluntrly payment, also see that revised return should be filed with in due date as per recent notification/circular. - Wrongly availed cenvat credit - Query Started By: - OM PRAKASH FCA Dated:- 2-1 .....

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..... -2008 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanag .....

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..... ementindia.com - TMI - TaxTMI - TMITax .....

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