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

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..... Tel.Nos.91-0364-2500131/2502052. Fax nos. 91-0364-2224747/2502047, Email : [email protected] Trade Notice No. 18/2018 Dated, Shlllong the 10 th September,2018 Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit - regarding The Central Board of Indirect Taxes Customs has issued a Circular No. 58 .....

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..... ible transitional credit in the succeeding paragraphs. 2. The Board vide Circular No. 42/16/2018-GST dated 13 th April, 2018, has clarified that the recovery of arrears arising under the existing law shall be made as 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 s .....

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..... 's website www.cbicgov.in. All Commissioners are requested to bring the contents of the Trade Notice to the notice of all the officers working under their charge and the taxpayers falling under their respective jurisdiction. The Trade Industry Associations/Chambers of Commerce are requested to bring the contents of the Trade Notice to the notice of all their members. (W.L. Hangshin .....

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