Interest and penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2016
what is interest and penalty for excess claim of service tax input.
19 September 2016
The credit has been utilized then reverse the cenvat credit along with interest @ of 18% only.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2016
if cenvat credit taken but not utilised .then what penalty and interest levy.
19 September 2016
Then no need to pay interest and penalty only reversed the cenvat credit.
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