https://www.taxtmi.com/forum/issue?id=113663 Circular 42/2018 indicates a utility is being developed to reverse disputed or wrongly carried forward ITC, posting the liability for erstwhile excise/service tax to the CGST account so payment can be made. The correct mechanism is to record the reversal/payment through the Electronic Liability Ledger/Part II of the PMT payment structure; ad hoc entries in GSTR 3B CGST/SGST or the IGST column are improper. Any unpaid reversal should be discharged with interest. en-us Mon, 23 Apr 2018 13:52:59 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113663 Circular 42/2018 indicates a utility is being developed to reverse disputed or wrongly carried forward ITC, posting the liability for erstwhile excise/service tax to the CGST account so payment can be made. The correct mechanism is to record the reversal/payment through the Electronic Liability Ledger/Part II of the PMT payment structure; ad hoc entries in GSTR 3B CGST/SGST or the IGST column are improper. Any unpaid reversal should be discharged with interest. Discussion-Forum GST Mon, 23 Apr 2018 13:52:59 +0530 https://www.taxtmi.com/forum/issue?id=113663