Recovery of wrongly availed CENVAT credit requires reversal in GSTR-3B with interest and penalty payable. Pending portal functionality, taxpayers must reverse wrongly availed CENVAT credit and inadmissible transitional credit via the Table of FORM GSTR-3B; applicable interest and penalty apply on such reversals and are to be paid through the designated column of Table 6.1 of FORM GSTR-3B. When available, liability should be recorded in Part II of the Electronic Liability Register and discharged using amounts in the electronic credit or cash ledger.
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 requires reversal in GSTR-3B with interest and penalty payable.
Pending portal functionality, taxpayers must reverse wrongly availed CENVAT credit and inadmissible transitional credit via the Table of FORM GSTR-3B; applicable interest and penalty apply on such reversals and are to be paid through the designated column of Table 6.1 of FORM GSTR-3B. When available, liability should be recorded in Part II of the Electronic Liability Register and discharged using amounts in the electronic credit or cash ledger.
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