Wrongly credit taken on service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
Dear expert,
we have wrongly credit taken on additional duty of custom u/s 3(5) in service tax liability for last two years. now we want to reverse the credit already taken by paying the amount. whether there is penalty liability also arise for wrongly credit taken.
we have wrongly credit taken on additional duty of custom u/s 3(5) in service tax liability for last two years. now we want to reverse the credit already taken by paying the amount. whether there is penalty liability also arise for wrongly credit taken.
03 June 2013
if you wrongly credited the custom duty last 2 year please submit the duty along with interest.
yes penalty attract in this case,
yes penalty attract in this case,
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