Penalty
This query is : Resolved
10 January 2014
Is the penalty leviable for the reversal of Input Service credit?
11 January 2014
Hi
Can you pl let us know why you are reversing canvat?
Can you pl let us know why you are reversing canvat?
11 January 2014
Wrong availment of Input Service credits (like Courier charges & Vehicle Insurance & Maintenance), but all shown on the relevent period's ST3 return also. The credit reversal has recommended in the Internal Audit.
11 January 2014
Hi
Yes may be, Pl refer for detailed analysis: https://aviratshiksha.wordpress.com/2013/04/01/interest-and-penalty-on-wrong-availment-taking-of-cenvat-credit/
Thanks
Yes may be, Pl refer for detailed analysis: https://aviratshiksha.wordpress.com/2013/04/01/interest-and-penalty-on-wrong-availment-taking-of-cenvat-credit/
Thanks
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