TaxTMI 
TaxTMI 
TaxTMI 
cenvat credit reversal
X X X X Extracts X X X X
X X X X Extracts X X X X
....envat credit reversal<br> Query (Issue) Started By: - yateen vyas Dated:- 15-1-2015 Last Reply Date:- 17-1-2015 Service Tax<br>Got 6 Replies<br>Service Tax<br>Sir, if cenvat credit taken on an invoic....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e in june due to mistake same is taken in December again so now what will provision and it is also utilized.now interest is payable or not ? Reply By MARIAPPAN GOVINDARAJAN: The Reply: You are to re....
X X X X Extracts X X X X
X X X X Extracts X X X X
....verse the excess credit taken and service tax to that extent along with interest is payable. Reply By Naveed S: The Reply: Yes sir, interest is payable for such cenvat credit wrongly availed twice a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nd already availed/utilized. An offence case may also be booked on detection by the department. Reply By yateen vyas: The Reply: i already have amount in remaining balance so will it come under uti....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lized category or not. Reply By yateen vyas: The Reply: like amount of credit taken is 10,000 and remaining balance in part 2 is 2 Lac Reply By Naveed S: The Reply: Sir, In your case, it will not....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... fall under the utilization category. However, it is advisable to reverse the credit that was mistakenly availed in the month of December 2014. Reply By yateen vyas: The Reply: Thanks to all .<br> D....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iscussion Forum - Knowledge Sharing ....