GST- 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- _ Circular No. 33/07/2018-GST dated 23.02.2018- Communication thereof

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....ER OF GST AND CENTRAL EXCISE, PUDUCHERRY GOUBERT AVENUE, (BEACH ROAD) PUDUCHERRY 605001 C. No. IV/16/01/2018- GST Dated: 02-03-2018 GST TRADE NOTICE NO. 09/2018 Sub: GST- 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- _ Circular No. 33/07/2018-GST dated 23.02.2018- Communicati....

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....credit"), credited to the electronic credit ledger shall not be utilized by a registered taxable person to discharge his tax liability under the CGST Act,2017 or 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, If the said disputed credit is utilised, it shall be recovered from the ta....

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....h interest and penalty as per the provisions of the Act. 4. Undertaking in case of disputed/ blocked credit amount exceeding ₹ 10 Lakhs - In all cases where the disputed credit or blocked credit is higher than Rupees Ten lakhs, the taxpayers shall also submit an undertaking to the jurisdictional officer of the Central Government that such credit shall not be utilized or has not been availe....