DEAR SIR,
WE HAVE WRONGLY CENVAT CREDIT TAKEN BUT BEFOUR UTILIZATION WE DEBITED THE SAME AMOUNT.
WHAT IS THE RULE OF INTEREST PAY, & WE WANT ANY JUDGEMENT OF THIS MATER.
THANKS
ASHOK SAHOO
ASHOK KUMAR SAHO (OFFICE EXCISE & CUSTOM) (142 Points)
20 February 2012DEAR SIR,
WE HAVE WRONGLY CENVAT CREDIT TAKEN BUT BEFOUR UTILIZATION WE DEBITED THE SAME AMOUNT.
WHAT IS THE RULE OF INTEREST PAY, & WE WANT ANY JUDGEMENT OF THIS MATER.
THANKS
ASHOK SAHOO
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 20 February 2012
Recently board has issued one circular under which you need to pay interest and there is no other option. But depends on the amount, you can defend with the department. Legally, you are bound to pay interest. Pls see the attachment.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)