TMI Blogreversal of cenvat credit or ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear experts, kindly 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 R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ules 2004 2. Is there any 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 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Thanking in advance - Reply By KASTURI 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 Cenva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Credit Rules, 2004 . 2. Yes interest is to be paid. 3. No extension of time limit. The Supreme Court's orders do not touch such time limitation prescribed in Rule 42 of CGST Rules . - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reversal of cenvat credit or ITC - Query Started By: - Bibhu Tripathy Dated:- 23-6-2021 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ert, 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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