TMI BlogExcess availment of Cenvat CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... 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.) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GAR-7 Challan BSR Code Source Document No. Account Current Credit Account No. Date No. Date 1 Select Rule 8 Section 11A[2B] Section 11A Section 11D Total : 0 0 D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ETAILS 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 Select Rule 8 Section 11A[2B] Section 11A Section 11D Total : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Select Fine Penalty Others ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Total : 0 0 - Reply By JSW CEMENT LIMITED - The Reply = 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) - Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By mukesh pareek - The Reply = 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 ? - Reply By JSW CEMENT LIMITED - The Reply = When you show reversal in cenvat page, one more sheet Other1 will be created where y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ou 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 - Excess availment of Cenvat Credit - Query Started By: - mukesh pareek Dated:- 9-8-2016 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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