Directions under Section 168 of the CGST Act regarding non-transition of CENVAT credit under section 140 of CGST Act or non-utilization thereof in certain cases

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..../ Trade Notice No. 23/2017-18 Dated 28.02.2018 Subject: Directions under Section 168 of the CGST Act regarding non-transition of CENVAT credit under section 140 of CGST Act or non-utilization thereof in certain cases-reg. Kind attention is invited to Circular No. 33/07/2018-GST dated 23rd February. 2018 issued under F.NO. 267/67/2017-0(.8 by the Under Secretary to the Govt. of India, Central ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....terms of sub-section (1), (2), (3), (4), (5) (6) or (8) of section 140 of the Act, shall not be utilized by a registered taxable person to discharge his tax liability under this Act or under the IGST Act, 2017, till the order-in-original or the last order-in-appeal, as the case may be, holding that disputed credit as inadmissible is in existence. 2.2 During the period, when the last order-in-ori....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... said blocked credit is carried forward and credited to the electronic credit ledger in contravention of section 140 of the Act, it should not be utilized by a registered taxable person to discharge his tax liability under this Act or under the IGST Act, 2017, and it is recoverable from the tax payer with interest and penalty as per the provisions of the Act. 4. In all cases where the disputed cr....