Purchase Booked with Rs.16839 more Wrongly in jan,2012

[ramya Srinivas]

Hi,

In cenvat returns a purchase bill was booked wrongly With 16839 Rs more in value. this error was latter found in reconciliation duirng Preparation of Cenvat For April month. so wat is the course of action to be done now. pl suggest

thanks in advacne

Regards

ramya

[YAGAY andSUN]

You  may reverse the  excess amount of CENVAT credit.  Also intimate to the Concerned authority for this clerical error and mention it in the Statutory Return.

[NEERAJ KUMAR, RANCHI]

yes, as correctly said above, reverse the credit and intimate the range office about the same. you do not need to pay any interest if credit not utilized to pay duty, if utilized pay applicable interes.

AI Summary

Clerical Error in CENVAT Return: Reverse Excess Credit, Notify Authorities, Pay Interest if Duty Paid Using Credit A user reported an error in a CENVAT return where a purchase bill was mistakenly recorded with an excess value of Rs. 16,839 in January 2012. During reconciliation for April, this mistake was identified. Two respondents advised reversing the excess CENVAT credit and notifying the relevant authorities about the clerical error, ensuring it is documented in the statutory return. If the credit was not used to pay duty, no interest is required; if it was used, applicable interest must be paid.