CENVAT CREDIT INPUT - REG

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....ENVAT CREDIT INPUT - REG<br> Query (Issue) Started By: - katkoori baburao Dated:- 22-6-2017 Last Reply Date:- 23-6-2017 Service Tax<br>Got 2 Replies<br>Service Tax<br>Sir, With respect to above subje....

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....ct, kindly clarify the following point: The ST 3 returns filled without considering input credit, but payment made by taking input. Can now, the audit team will consider it or not. Since it pertains ....

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....to FY 2012-13, 2013-14, 2014-15, 2015-16. As a result the turnover is mismatched w.r.t income tax filed and ST returns. Kindly confirm. Thank you. Reply By KASTURI SETHI: The Reply: It is a proced....

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....ure lapse. For such lapse penalty under Section 76 or Section 77 is imposable. If records are fool proof, penalty is ignorable by audit or any wing of the department. Your books of accounts are specif....

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....ied records and can save you from penalty, if correctly maintained by showing all entries of credit. Reply By Ganeshan Kalyani: The Reply: Proper reconciliation of return with the books of accounts ....

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....is required to be prepared to substantiate procedural lapse.<br> Discussion Forum - Knowledge Sharing ....