reversal of cenvat credit or ITC

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....eversal of cenvat credit or ITC<br> Query (Issue) Started By: - Bibhu Tripathy Dated:- 23-6-2021 Last Reply Date:- 23-6-2021 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear experts, kindly....

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.... give solutions to the following queries 1. what is the time limit for reversal of cenvat credit for the period for April 17 to June 17 under Rule 6 of the Cenvat Credit Rules 2004 2. Is there any i....

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....nterest to be paid for the reversals made under the amended rule 42 of CGST Act 2017. 3. is there any extension of time limit for 2017-18 for reversals of rule 42 Thanking in advance Reply By KASTU....

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....RI SETHI: The Reply: Sh.Bibhu Tripathy Ji, Query-wise reply is as under :- 1. Mentioned in Explanation II, III, IV below (3D) in Rule 6 of Cenvat Credit Rules, 2004. 2. Yes interest is to be paid.....

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.... 3. No extension of time limit. The Supreme Court&#39;s orders do not touch such time limitation prescribed in Rule 42 of CGST Rules.<br> Discussion Forum - Knowledge Sharing ....