Can we pay excise now as wrong credit was taken in earlier period?

[Harshada Prabhune]

Can we pay excise now under GST senerioa as wrong credit was taken in earlier period?

[KASTURI SETHI]

In my view, you can deposit. ACES Home site is still open.

[DR.MARIAPPAN GOVINDARAJAN]

Yes you can pay along with interest

[GAWESH NARULA]

as per my view yes, you can pay , Govt never restrict to pay any tax either in old regime or current regime.

[KASTURI SETHI]

Otherwise also so many cases pertaining to pre-GST era are pending decision in the department and in various courts. Audit of the units of Central Excise and Service Tax is being conducted by the department. So the ACES site will continue to accept Govt. dues of Central Excise and Service Tax. The site will not be closed in near future.

[DR.MARIAPPAN GOVINDARAJAN]

It will open at least till 30.06.2022, the date upto show cause notice can be issued for Pre GST period invoking the extended period of limitation

[YAGAY and SUN]

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AI Summary

Payment of excise dues permitted now; deposits via ACES accepted and may include interest obligations.
Taxpayers may deposit outstanding central excise liabilities arising from wrongly availed credits in prior periods through the ACES portal; deposits with applicable interest are accepted as a remedial measure. The ACES site remains open to accept Central Excise and Service Tax dues and to facilitate issuance of notices for pre-GST periods under extended limitation, so taxpayers should regularise past credits via the portal while accounting for interest and potential show-cause proceedings.