Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit - regarding

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..... ing **** New Delhi, Dated the 4th September, 2018 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Directors General/ Directors General (All) Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit - regarding Various repre .....

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..... central tax liability to be paid through the utilization of the amount available in the electronic credit ledger or electronic cash ledger of the registered person, and the same shall be recorded in Part II of the Electronic Liability Register ( FORM GST PMT-01 ). 3. 1 [ It may be noted that all such liabilities may be discharged by the taxpayers, either voluntarily in FORM GST DRC-03 o .....

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..... T) ********* Notes 1. Substituted vide Circular No. 88/07/2019-GST dated 01-02-2019 before it was read as 3. Currently, the functionality to record this liability in the electronic liability register is not available on the common portal. Therefore, it is clarified that as an alternative method, taxpayers may reverse the wrongly availed CENVAT credit under the exi .....

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