https://www.taxtmi.com/circulars?id=57352 Recovery of arrears for wrongly availed CENVAT credit and inadmissible transitional credit must be treated as central tax liability and discharged either voluntarily in FORM GST DRC-03 or recovered by order in FORM GST DRC-07, with payment made in FORM GST DRC-03; applicable interest and penalty apply. The alternative of reversing such credits through Table 4(B)(2) of FORM GSTR-3B has been withdrawn (it had been temporarily allowed when electronic liability register functionality was unavailable). en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 02 Feb 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57352 Recovery of arrears for wrongly availed CENVAT credit and inadmissible transitional credit must be treated as central tax liability and discharged either voluntarily in FORM GST DRC-03 or recovered by order in FORM GST DRC-07, with payment made in FORM GST DRC-03; applicable interest and penalty apply. The alternative of reversing such credits through Table 4(B)(2) of FORM GSTR-3B has been withdrawn (it had been temporarily allowed when electronic liability register functionality was unavailable). Circulars GST Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57352