TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBEC Issues Directive on CENVAT Credit Transition u/s 168 of CGST Act; Non-Utilization for Disputed Credits Over Rs. 10 Lakhs.</h1> The Central Board of Excise & Customs issued directives under Section 168 of the CGST Act regarding the non-transition or non-utilization of CENVAT credit in specific cases. If a disputed CENVAT credit, previously deemed inadmissible, is carried forward, it cannot be used to settle tax liabilities until the order confirming its inadmissibility is in effect. Similarly, blocked credits, such as those related to telecommunication towers, should not be transitioned or utilized. Taxpayers with disputed or blocked credits exceeding Rs. Ten lakhs must submit an undertaking to the jurisdictional officer confirming non-utilization. The notice aims to inform trade and field formations of these regulations.
TaxTMI 
