Wrongly availed cenvat credit

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....rongly availed cenvat credit<br> Query (Issue) Started By: - OM PRAKASH FCA Dated:- 2-1-2008 Last Reply Date:- 22-1-2008 Service Tax<br>Got 2 Replies<br>Service Tax<br>CENVAT CREDIT WRONGLY TAKEN WHIL....

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....E AVAILING 50% ABATENMENT UNDER NOTF.1/2006. CAN THE AUDIT WING OF SERV. TAX DISSALLOW THE ABATEMENT? POSSIBLE LIAB. 22 LACS, CENVAT CREDIT 70,OOO Reply By sudhir V S: The Reply: Dear Mr. Om prakash,....

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.... The best way to get out of the issue would be revesal/payment of service tax along with the interest of 13% p.a. once the service tax has been paid the benifit under notification 1/2006 should not be....

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.... denied in my view Reply By YASHAVANTH R.M.: The Reply: I accept the below view also if you pay service before audit with interest you may be not penalised for voluntrly payment, also see that revised....

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.... return should be filed with in due date as per recent notification/circular.<br> Discussion Forum - Knowledge Sharing ....