Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit

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....ng-793001 , Tel.Nos.91-0364-2500131/2502052. Fax nos. 91-0364-2224747/2502047, Email : [email protected] Trade Notice No. 18/2018 Dated, Shlllong the 10^th September,2018 Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit - regarding The Central Board of Indirect Taxes & Customs has issued a Circular No. ....

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....ssible transitional credit in the succeeding paragraphs. 2. The Board vide Circular No. 42/16/2018-GST dated 13^th April, 2018, has clarified that the recovery of arrears arising under the existing law shall be made as central tax liability to be paid through the utilization of the amount available in the electronic credit ledger or electronic cash ledger of the registered person, and the same ....