er-1 related

[Anil Jangid]

One of our clients has availed excessive cenvat credit in the previous month. Since it cannot be revised we had to submit a letter to the range officer giving him the correct calculation to rectify the error. Now, we haven't received any confirmation from the range officer w.r.t this matter. Now my question is, for the this month's return, should I consider the incorrect closing balance as the opening balance - or should I take the opening balance as the one submitted to range officer. Answers with some would be really appreciated.

AI Summary

Client Unsure on CENVAT Credit Correction: Reverse Excess if Known or Use Rectified Figures Despite Lack of Officer Confirmation. A client mistakenly availed excessive CENVAT credit and submitted a letter to the range officer with corrected calculations. They have not received confirmation from the officer and are unsure whether to use the incorrect or corrected balance for the current month's return. One response advises reversing the excess credit if the correct amount is known, otherwise, to carry over the incorrect balance. Another response suggests using the rectified figures in the new return and notes that range officers are not obligated to confirm receipt of rectification letters, emphasizing the importance of self-correction.