https://www.taxtmi.com/forum/issue?id=107858 Excess or duplicate cenvat credit must be reversed and the corresponding service tax accounted for, with interest payable on the tax attributable to the excess/duplicated credit; detection may lead to offence proceedings. If the later-availed credit remains unutilized in the credit ledger, the recommended corrective step is reversal of the mistaken credit, which prevents classification as utilization but still requires payment of tax and interest. en-us Thu, 15 Jan 2015 13:51:56 +0530 Thu, 23 Jan 2025 15:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107858 Excess or duplicate cenvat credit must be reversed and the corresponding service tax accounted for, with interest payable on the tax attributable to the excess/duplicated credit; detection may lead to offence proceedings. If the later-availed credit remains unutilized in the credit ledger, the recommended corrective step is reversal of the mistaken credit, which prevents classification as utilization but still requires payment of tax and interest. Discussion-Forum Service Tax Thu, 15 Jan 2015 13:51:56 +0530 https://www.taxtmi.com/forum/issue?id=107858