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    <title>Clarification regarding procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit.</title>
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    <description>Inadmissible transitional input tax credit and arrears of VAT, entry tax or other taxes arising from proceedings under the existing law shall, unless already recovered, be recovered as State tax liabilities under the Goa GST Act. Such liabilities must be paid by utilizing balances in the registered person&#039;s electronic credit ledger or electronic cash ledger and recorded in Part II of the Electronic Liability Register (FORM GST PMT 01). Interest, penalty and late fees are to be paid from the electronic cash ledger and similarly recorded; unregistered dealers&#039; arrears are to be recovered in cash under existing law procedures.</description>
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    <pubDate>Fri, 27 Apr 2018 00:00:00 +0530</pubDate>
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      <title>Clarification regarding procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit.</title>
      <link>https://www.taxtmi.com/circulars?id=57197</link>
      <description>Inadmissible transitional input tax credit and arrears of VAT, entry tax or other taxes arising from proceedings under the existing law shall, unless already recovered, be recovered as State tax liabilities under the Goa GST Act. Such liabilities must be paid by utilizing balances in the registered person&#039;s electronic credit ledger or electronic cash ledger and recorded in Part II of the Electronic Liability Register (FORM GST PMT 01). Interest, penalty and late fees are to be paid from the electronic cash ledger and similarly recorded; unregistered dealers&#039; arrears are to be recovered in cash under existing law procedures.</description>
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      <pubDate>Fri, 27 Apr 2018 00:00:00 +0530</pubDate>
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