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Wrongly cenvat credit utilised

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2016 what problem i have to face problem if wrongly utilised cenvat credt of service tax , please reply this question.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
03 April 2016 If you wrongly avail or utilise input credit during assessment to the extent wrong utilisation services tax superintendent may raise demand, also penalty and interest will be levied for wrong availment.

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