11 December 2012
I have availed excess cenvat credit of approx 37000/- in the m/o Apr-12.Return for the period apr-june was duly filed in the m/o nov-12. It is now detected that Rs 37000/- have been excess availed because of which I have paid less Service Tax in the M/o Apr-12. To rectify the mistake I have paid that Rs 37000/- along with the liability of Nov-12 on 05/12/2012. I want to know what is the rate of interest on late payment and how to rectify the mistake in return so that compliance is complete.
CAclubindia
