Wrong credit of cenvat
Dipesh (Executive) (1018 Points)
06 November 2014
we taken wrong availment of credit and now we made debit entry for settlement, may have we want to pay interest??
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 06 November 2014
yes you had to pay pentalty as interest along with the original due duty..!!
Anand Khetan
(Chartered Accountant)
(21 Points)
Replied 07 November 2014
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 07 November 2014
Correctly explained by CA Anand Khetan. No need to pay interest or penalty just for wrong availment of cenvat credit.
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