Reversal of cenvat credit

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This query is : Resolved

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)

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...

Message likes : 1 times

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)

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)

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)

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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