TaxTMI 
TaxTMI 
Purchase Booked with Rs.16839 more Wrongly in jan,2012
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....urchase Booked with Rs.16839 more Wrongly in jan,2012<br> Query (Issue) Started By: - ramya Srinivas Dated:- 7-5-2012 Last Reply Date:- 7-5-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>Hi....
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...., 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....
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.... action to be done now. pl suggest thanks in advacne Regards ramya Reply By Pradeep Khatri: The Reply: You may reverse the excess amount of CENVAT credit. Also intimate to the Concerned authority....
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.... for this clerical error and mention it in the Statutory Return. Reply By NEERAJ KUMAR, RANCHI: The Reply: yes, as correctly said above, reverse the credit and intimate the range office about the sa....
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....me. you do not need to pay any interest if credit not utilized to pay duty, if utilized pay applicable interes.<br> Discussion Forum - Knowledge Sharing ....