TaxTMI 
TaxTMI 
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?
22 Feb 2019 
6 Replies 
1066 Views Asked by
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. (AI Summary)
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. (AI Summary)