Reverse charge of service tax entry

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2015 Dear Sir,
I am very confused so please help me.

i have AMC service recieved, wrongly i take full cenvat credit,

at the time i had paid the S.T 50% of cenvat value.

so please suggest me what is accounting treatment.
what i do next.

service provier give invoice show full service tax of invoice.

CA Anjana Grover

CA Anjana Grover (Expert)
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17 May 2015

Hi ,

If you have taken cenvat credit of full amount wrongly than you better reverse the input taken & deposit the same with govt as you always do along with interest @ 15% or 18% pa as applicable to you for delayed payment calculated on the basis of no of days.

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2015 thanks

Dear,

Please suggest me accounting treatment. Mean Entry in books.

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