PRE-DEPOSIT 7.5%

[SHIVKUMAR SHARMA]

Dear Experts

Please note that we have make payment of Pre-Deposit of 7.5% for filing appeal.Pls.give your opinion in which column we have to show this amount in monthly ER-1,The amount of pre-deposit is debited from Cenvat account.(Old Name RG23A).your early reply in this regard is highly appreciated.

[Kadayam Ganapathy Subramanian]

There is a row for Miscellaneous payments under head of "Details of other payments made" as specified in S.No.9 of the ER-1 Return and such Miscellaneous payment includes penalty, redemption fine and pre-deposit (Refer the Instruction No.17 of the ER-1 Return).

Regards,

K.G Subramanian

[Mahir S]

Yes, the same is to be shown in the ER 1 return.

As pre-deposit is made through reversal of cenvat credit, the same can be shown at in the ER 1 return at serial no. 05 - details of cenvat credit taken and utilised and under the heading Credit Utilized for other payment (Rs.)

AI Summary

Pre-deposit reporting: disclose pre-deposit in ER-1 return under miscellaneous payments or as credit utilized for other payments. Pre-deposit paid by reversal of Cenvat credit must be disclosed in the ER-1 monthly return either as a Miscellaneous payment under 'Details of other payments made' or within the Cenvat credit section as 'Credit Utilized for other payment,' thereby linking the pre-deposit to the Cenvat credit reversal and recording it in the appropriate ER-1 column.