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of <h1>CBIC Clarifies Recovery Procedures for Arrears and Input Tax Credit Reversal Under GST Regime; Central Tax Liabilities Explained.</h1> The Central Board of Indirect Taxes & Customs (CBIC) issued a circular clarifying procedures for recovering arrears under existing laws and reversing inadmissible input tax credits in the GST regime. It outlines the recovery of arrears related to central excise duty, service tax, and CENVAT credit, whether from proceedings initiated before, on, or after the GST implementation date. The circular specifies that such arrears, unless recovered under existing laws, should be treated as central tax liabilities under the CGST Act. It details procedures for recovery, including using electronic credit or cash ledgers and addresses recovery from non-registered assessees under the CGST Act.
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