13 January 2011
I require your opinion/help on below matter.
We have mfg facility at Navi mumbai and our project at Gujrat Site , we require to make erecting, commissioning, installation at site on our product, so we depute contractor at site from mumbai and after he raised /addressed the Service Tax bill with service tax on our mumbai mfg facility , which we have taken credit in cenvat under account of Input for Site services at our mumbai office, now excise preventive people taken objection and they told us to reverse the same with interest from last three year , accordingly we have reversed from the cenvat account , further to that as per our information can it be availed the credit later on in Service Tax account/register.
And now they require interest on the same.
Pls advice on below points:-
1 As per the rule we require to reverse the amount which we have taken credit in Cenvat register for site services?
2 After reversal from the Cenvat Register as per the rule can we able to take the same credit in Service Tax separate register under site services?
3 As per the rule after reversal amount from Cenvat Register, can we require to pay the interest?
CAclubindia
