Dear Sir
in the bill of cartage inward (via air) service tax charged by the transporter from company, however company erroneously booked the entire value in cost and no ccr claimed for the same and that invoice belongs to nov,13 month. now my question is wheather company can clain the ccr by correcting the entry bcoz company has filed return of income till december.
please give ur suggestion
regards
pradeep kumar
Company Can Correct Entry to Claim Cenvat Credit per Rule 2(l) CCR, 2004; Ensure No Double Benefits Claimed A company mistakenly booked the entire value of a service tax charged by a transporter as a cost without claiming Cenvat Credit, with the invoice dated November 2013. The company seeks advice on whether it can correct this entry since it has already filed its excise return until December. An expert confirms that the company can correct the entry and claim the Cenvat Credit, provided it meets the conditions under Rule 2(l) of CCR, 2004. Another participant advises ensuring no double benefit is claimed under Central Excise and Income Tax, and clarifies that if income tax returns are not filed, the entry can be reversed without issue. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
