Cenvat credit
This query is : Resolved
gurusaiprasannakumar
(Querist)
25 April 2014
Dear All,
Can anyone tell me whether CENVAT credit can be claimed on Interest payable for service tax late payment?
Can anyone tell me whether CENVAT credit can be claimed on Interest payable for service tax late payment?
CA DHANANJAI KUMAR
(Expert)
25 April 2014
Interest on service tax for late payment is in penal nature, CENVAT credit cannot be used for setting of the interest liability
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