reversal of cenvat credit or ITC

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..... reversal of cenvat credit or ITC
Query (Issue) Started By: - Bibhu Tripathy Dated:- 23-6-2021 Last Reply Date:- 23-6-2021 Goods and Services Tax - GST
Got 1 Reply
GST
Dear experts, kindl .....

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..... y give solutions to the following queries 1. what is the time limit for reversal of cenvat credit for the period for April 17 to June 17 under Rule 6 of the Cenvat Credit Rules 2004 2. Is there any .....

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..... interest to be paid for the reversals made under the amended rule 42 of CGST Act 2017. 3. is there any extension of time limit for 2017-18 for reversals of rule 42 Thanking in advance Reply By KAST .....

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..... URI SETHI: The Reply: Sh.Bibhu Tripathy Ji, Query-wise reply is as under :- 1. Mentioned in Explanation II, III, IV below (3D) in Rule 6 of Cenvat Credit Rules, 2004. 2. Yes interest is to be paid .....

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..... . 3. No extension of time limit. The Supreme Court's orders do not touch such time limitation prescribed in Rule 42 of CGST Rules.
Discussion Forum - Knowledge Sharing .....

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