Reversal of cenvat credit

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 Sir What is the procedure to reverse the cenvat credit wrongly taken in ER1 . Our company only availed the cenvate credit n still not utilize .

Sourabh
8092996201

Prashanth

Prashanth (Expert)
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14 July 2013 Hello,

No issues...reverse the same in the next ER return and at the same time in the remark column mention the same...

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 Sir how..In ER 1 return where to fill the reverse figure of excise..It is urgent.I have already filed ths mnth ER1 return .Will I have to wait till next mnth to reverse. can u provide me ure nmbr so that i can get some valuable sugession

Prashanth

Prashanth (Expert)
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14 July 2013 Hey in the next return u reverse the same,without using the same....u can ping here for any queries.

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 That I asked In ER1 where to fill the reverse figure of CENVAT CREDIT TAKEN

Prashanth

Prashanth (Expert)
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14 July 2013 In utilization column and give reasons in the remarks column.

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 thnks sir.I will do the same

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 July 2013 agreed with expert.

must read:

https://www.caclubindia.com/articles/reversal-of-cenvat-credit-if-inputs-capital-goods-are-partially-or-fully-written-off-rule-3-5b--15200.asp

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