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of <h1>New GST Circular Limits Use of Disputed and Blocked CENVAT Credits; Requires Undertaking for Credits Over Rs. 10 Lakhs.</h1> The Central Board of Excise & Customs issued Circular No. 33/07/2018-GST, detailing directions under Section 168 of the CGST Act regarding the non-utilization of disputed CENVAT credit and non-transition of blocked credit. Taxpayers are prohibited from using disputed credits, deemed inadmissible in adjudication orders as of July 1, 2017, to discharge tax liabilities under the CGST or IGST Acts. Blocked credits carried forward in violation of Section 140 are also restricted. If these credits exceed Rs. 10 lakhs, taxpayers must provide an undertaking to the jurisdictional officer. The notice aims to inform trade entities and field formations of these provisions.
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