https://www.taxtmi.com/circulars?id=57371 Nodal Officers must verify TRAN 1 transitional credit entries in the Electronic Credit Ledger using EIU data, VAT returns up to June 2017, statutory declarations, invoices and books; state authorities shall verify only MVAT and Entry Tax components. Where credits exceed amounts legitimately carried forward or lack required documentary support, officers shall issue FORM 603, require reversal of inadmissible credits in subsequent GSTR 3B returns, and pursue demand and recovery under the MGST Act after issuing FORM GST DRC01 and affording hearing. en-us Sat, 01 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57371 Nodal Officers must verify TRAN 1 transitional credit entries in the Electronic Credit Ledger using EIU data, VAT returns up to June 2017, statutory declarations, invoices and books; state authorities shall verify only MVAT and Entry Tax components. Where credits exceed amounts legitimately carried forward or lack required documentary support, officers shall issue FORM 603, require reversal of inadmissible credits in subsequent GSTR 3B returns, and pursue demand and recovery under the MGST Act after issuing FORM GST DRC01 and affording hearing. Circulars GST - States Sat, 01 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57371