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Service tax input credit

This query is : Resolved 
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(Querist)
08 February 2011 Dear All,

Am working for event management co,
There are two vendors X & Y their outstanding 30 & 27 thousand respectively

by mistake i have taken Y bill in to x a/c( Ie,y bill entered in the name of X) and i adjusted the input credit ST for the respected month,as per my knowledge until we pay full amount we cant take input credit st.

so kindly guide me how to rectify this error

Regards
Mrityunjay
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VIPIN KUTUMBALE

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VIPIN KUTUMBALE (Expert)
09 February 2011

UTILISATION & AVAILMENT OF WRONG CREDIT ATTRACT PENATY, REVESER THE ENTRY AND PAY THE INTEREST FROM THE DATE OF MAKING ENTRY TO REVERSAL ENTRY DATE. AND PAY THE SERVICE TAX,

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