Wrongly availed cenvat credit of input services
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2016
wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit .whether i have to pay interest and reversal of cenvat credit also.please reply this answer,
Expert : Anonymous
Expert :
Anonymous
(Expert)
25 September 2016
Dear User,
First u need to reverse the input credit further if u have not used that input credit in duty payable then no interest would be payable
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