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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>Where proceedings under the existing law result in recoverable value added tax, entry tax, other State levies or inadmissible input tax credit, such amounts shall, unless recovered under the existing law, be recovered as arrears of tax under the HPGST Act. Inadmissible transitional credit and corresponding tax liabilities must be paid by utilising balances in the registered person&#039;s electronic credit or cash ledger and recorded in Part II of the Electronic Liability Register (FORM GST PMT-01). Interest, penalty and late fee are to be recovered from the electronic cash ledger and similarly recorded.</description>
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    <pubDate>Wed, 25 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=57494</link>
      <description>Where proceedings under the existing law result in recoverable value added tax, entry tax, other State levies or inadmissible input tax credit, such amounts shall, unless recovered under the existing law, be recovered as arrears of tax under the HPGST Act. Inadmissible transitional credit and corresponding tax liabilities must be paid by utilising balances in the registered person&#039;s electronic credit or cash ledger and recorded in Part II of the Electronic Liability Register (FORM GST PMT-01). Interest, penalty and late fee are to be recovered from the electronic cash ledger and similarly recorded.</description>
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      <pubDate>Wed, 25 Apr 2018 00:00:00 +0530</pubDate>
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