28 January 2014
I hv filed ER1 in month of dec13.
The issue is suppose excise duty was payable Rs.10000.
So v paid Rs.4000 through PLA.
Bal Rs.6000 payable through Cenvat Credit.
But in Cenvat Credit column v showed 6100 available n claimed full 6100.
Actual issue is that in current month, had purchased a capital asset on which Rs. 200 was Cenvat n I should have claimed Rs.100 in current yr n next year Rs.100.
What should I do since Rs.100 was excess paid!!!
Should I intimate d department since the amount is Rs.100.
Will I be able to claim this Rs.100 in next year?
Wat procedure should I follow?
28 January 2014
You can rectify these mistake from letter. No need to intimate to the department that you have taken 50% cenvat credit on the capital goods.
CAclubindia
