Recovery of wrongly availed input tax credit: reverse via GSTR 3B and pay applicable interest and penalty. Where the Electronic Liability Register functionality is not available, taxpayers must reverse wrongly availed input tax credit and inadmissible transitional credit via Table 4(B)(2) of FORM GSTR 3B and discharge applicable interest and penalty through column 9 of Table 6.1 of FORM GSTR 3B; this process is prescribed as the alternative recording mechanism and is effective from 04.09.2018.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Recovery of wrongly availed input tax credit: reverse via GSTR 3B and pay applicable interest and penalty.
Where the Electronic Liability Register functionality is not available, taxpayers must reverse wrongly availed input tax credit and inadmissible transitional credit via Table 4(B)(2) of FORM GSTR 3B and discharge applicable interest and penalty through column 9 of Table 6.1 of FORM GSTR 3B; this process is prescribed as the alternative recording mechanism and is effective from 04.09.2018.
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