Recovery of wrongly availed CENVAT credit: reverse via GSTR 3B and discharge tax with applicable interest and penalty. Arrears from wrongly availed CENVAT credit and inadmissible transitional credit are to be treated as central tax liability to be discharged from electronic credit or cash ledgers and recorded in Part II of the Electronic Liability Register (Form GST PMT 01). Pending portal functionality, taxpayers may reverse such credits through the Table in FORM GSTR 3B and pay applicable interest and penalty via column 9 of Table 6.1 of FORM GSTR 3B.
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 CENVAT credit: reverse via GSTR 3B and discharge tax with applicable interest and penalty.
Arrears from wrongly availed CENVAT credit and inadmissible transitional credit are to be treated as central tax liability to be discharged from electronic credit or cash ledgers and recorded in Part II of the Electronic Liability Register (Form GST PMT 01). Pending portal functionality, taxpayers may reverse such credits through the Table in FORM GSTR 3B and pay applicable interest and penalty via column 9 of Table 6.1 of FORM GSTR 3B.
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