Service tax credit taken excess

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 Hi,

We had taken excess credit service tax in July Month But not utilized.we found out this month.

My query is how to rectify this.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 December 2012 Reverse the credit.

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 THANKS FOR YOUR REPLY. CAN I SHOW THE EXCISE RETURN THIS AGAINST OR REVERSE THE SERVICE TAX CREDIT BOOKS ONLY. AND ANY INTEREST MADE?

ajay taneja

ajay taneja (Expert)
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06 December 2012 You have to show the same in excise returns otherwise how you will tally the excise returns and books. If you have not availed any benefit then there will be no interest.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2012 Thank you.