CBIC Circulars Clarify GST Procedures: Section 140(1) Clarifications, Arrears Recovery, TRAN-1/TRAN-2 Form Guidelines, Transitional Credit Verification.

The various circulars issued by the Central Board of Indirect Taxes and Customs (CBIC) related to the Goods and Services Tax (GST). These include clarifications on Section 140(1) of the CGST Act, 2017, procedures for recovering arrears and reversing inadmissible input tax credits, and guidelines for filing or revising TRAN-1/TRAN-2 forms following a Supreme Court order. Additionally, it provides instructions for verifying transitional credits as per the Supreme Court's directives in a specific legal case involving the Union of India and a private entity.