Interest and penalty


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2016 what is interest and penalty for excess claim of service tax input.

19 September 2016 The credit has been utilized then reverse the cenvat credit along with interest @ of 18% only.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2016 if cenvat credit taken but not utilised .then what penalty and interest levy.

19 September 2016 Then no need to pay interest and penalty only reversed the cenvat credit.


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