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Credit taken on gta (outward freight)

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2015 We are a manufacturer (partnership firm) of ms bars and ms flat steel products. We have oversight took a cenvat credit on (O/W GTA) Outward Service Tax paid on GTA. When we realised this mistake we reversed the same in first day of next month from our input cenvat credit. But excise auditor told us that there is no any provision for O/W service tax credit reversed and we should make a cash payment of the said service tax again.

29 January 2015 Hi

Pl refer: https://taxguru.in/excise-duty/cenvat-credit-wrongly-erroneously-refunded.html

Thanks!!


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