Recovery of wrongly availed CENVAT credit - reverse via GSTR-3B and remit interest and penalty through electronic ledgers. Recovery of wrongly availed CENVAT credit and inadmissible transitional credit is to be treated as central tax liability payable from the electronic credit or cash ledger and intended to be recorded in the Electronic Liability Register (Form GST PMT-01). Until portal functionality exists, taxpayers shall reverse such credits via Table 4(B)(2) of Form GSTR-3B and discharge applicable interest and penalty by entry in 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 remit interest and penalty through electronic ledgers.
Recovery of wrongly availed CENVAT credit and inadmissible transitional credit is to be treated as central tax liability payable from the electronic credit or cash ledger and intended to be recorded in the Electronic Liability Register (Form GST PMT-01). Until portal functionality exists, taxpayers shall reverse such credits via Table 4(B)(2) of Form GSTR-3B and discharge applicable interest and penalty by entry in column 9 of Table 6.1 of Form GSTR-3B.
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