Can we pay excise now under GST senerioa as wrong credit was taken in earlier period?
Can we pay excise now as wrong credit was taken in earlier period?
Harshada Prabhune
Excise Duty Payment for Wrong Credit Under GST Allowed, ACES Site Open Until June 30, 2022, Interest Recommended A discussion on whether excise duty can be paid now for wrong credit taken in an earlier period under the GST regime. Participants agree that payment is possible, with some advising to include interest. It is noted that the ACES site remains open for such payments, and many pre-GST cases are still pending. The site will likely stay operational until at least June 30, 2022, allowing for show cause notices from the pre-GST period. The consensus supports the view that the government does not restrict tax payments from previous regimes. (AI Summary)
TaxTMI
TaxTMI