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TMI Blogcenvat credit reversalX X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat credit reversal X X X X Extracts X X X X X X X X Extracts X X X X ..... ce in june due to mistake same is taken in December again so now what will provision and it is also utilized.now interest is payable or not ? Reply By MARIAPPAN GOVINDARAJAN: The Reply: You are to r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... everse the excess credit taken and service tax to that extent along with interest is payable. Reply By Naveed S: The Reply: Yes sir, interest is payable for such cenvat credit wrongly availed twice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and already availed/utilized. An offence case may also be booked on detection by the department. Reply By yateen vyas: The Reply: i already have amount in remaining balance so will it come under ut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilized category or not. Reply By yateen vyas: The Reply: like amount of credit taken is 10,000 and remaining balance in part 2 is 2 Lac Reply By Naveed S: The Reply: Sir, In your case, it will no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t fall under the utilization category. However, it is advisable to reverse the credit that was mistakenly availed in the month of December 2014.
Reply By yateen vyas:
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Thanks to all . X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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