Cenvat
This query is : Resolved
Ravi kumar
(Querist)
16 January 2014
Dear sir
cenvat of a bill was -3280.00
but we claim in return- 3820.00
that we are claim extra- 540.00
and bill was in september return
how to clear it.
when we are filing exise return monthly.
cenvat of a bill was -3280.00
but we claim in return- 3820.00
that we are claim extra- 540.00
and bill was in september return
how to clear it.
when we are filing exise return monthly.
S.P.Mahanta
(Expert)
16 January 2014
The Cenvat Credit of Rs.540/- availed excess to be reversed in RG 23A II if bill relate to inputs if not reverse in RG 23C II, after reversal, the amount is to be shown in ER-I in credit utilised for other payment (sl no5 ) of Jan'14 with clear reference in Remarks of ER-I. Further interest will be payable u/r 14 of CCR'20014 if adequate Cenvat does not exist.
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