TMI Blogcenvat credit reversalX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, if cenvat credit taken on an invoice in june due to mistake same is taken in December again so now what will provision and it is also utilized.now interest is payable or not ? - Reply By MARIAP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PAN GOVINDARAJAN - The Reply = You are to reverse the excess credit taken and service tax to that extent along with interest is payable. - Reply By Naveed S - The Reply = Yes sir, interest is payab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le for such cenvat credit wrongly availed twice and already availed/utilized. An offence case may also be booked on detection by the department. - Reply By yateen vyas - The Reply = i already have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount in remaining balance so will it come under utilized category or not. - Reply By yateen vyas - The Reply = like amount of credit taken is 10,000 and remaining balance in part 2 is 2 Lac - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Naveed S - The Reply = Sir, In your case, it will not fall under the utilization category. However, it is advisable to reverse the credit that was mistakenly availed in the month of December 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 014. - Reply By yateen vyas - The Reply = Thanks to all . - cenvat credit reversal - Query Started By: - yateen vyas Dated:- 15-1-2015 Service Tax - Got 6 Replies - Service Tax - Discussion Forum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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