Excess cenvat credit
This query is : Resolved
13 April 2015
Dear Experts,
Please help us in excess cenvat credit.
We have a quarterly liability of Service Tax payment but in 1st Qtr we have cenvat credit more than Service Tax payable and in 2nd Qtr ST is more than Cenvat.
Here we paid service tax in 2nd QTR not considering excess cenvat of first QTR.
Can we claim the refund of excess payment or carried forward the same to next return period. ????
Please help us in excess cenvat credit.
We have a quarterly liability of Service Tax payment but in 1st Qtr we have cenvat credit more than Service Tax payable and in 2nd Qtr ST is more than Cenvat.
Here we paid service tax in 2nd QTR not considering excess cenvat of first QTR.
Can we claim the refund of excess payment or carried forward the same to next return period. ????
13 April 2015
Now there is a restriction introduced under the CCR that credit of the duty paid in inputs or input services should be availed with 6 months from the date of relevant document specified in Rule 9(1) of the CCR.
If you have availed the cenvat credit in first quarter it can be carry forward and utilized in next return period.
If you have availed the cenvat credit in first quarter it can be carry forward and utilized in next return period.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- LTCG for Assmt year 26-27
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
