GST- Directions under Section 168 of the CGST Act regarding non- transition of CENVAT credit under section 140 of CGST Act or non- utilization thereof in certain cases- _ Circular No. 33/07/2018-GST dated 23.02.2018- Communication thereof

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..... OFFICE OF THE COMMISSIONER OF GST AND CENTRAL EXCISE, PUDUCHERRY GOUBERT AVENUE, (BEACH ROAD) PUDUCHERRY 605001 C. No. IV/16/01/2018- GST Dated: 02-03-2018 GST TRADE NOTICE NO. 09/2018 Sub: GST- Directions under Section 168 of the CGST Act regarding non- transition of CENVAT credit under section 140 of CGST Act or n .....

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..... it was held that such CENVAT credit is not admissible, then such CENVAT credit (herein and after referred to as disputed credit ), credited to the electronic credit ledger shall not be utilized by a registered taxable person to discharge his tax liability under the CGST Act,2017 or the IGST Act, 2017, till the Order-in-Original or the last Order-in- Appeal, as the case may be, holding that dispu .....

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..... erson to discharge his tax liability under the CGST Act, 2017 or the IGST Act, 2017, and shall be recovered from the tax payer with interest and penalty as per the provisions of the Act. 4. Undertaking in case of disputed/ blocked credit amount exceeding ₹ 10 Lakhs - In all cases where the disputed credit or blocked credit is higher than Rupees Ten lakhs, the taxpayers shal .....

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