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

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....PRESS ROAD, KOCHI-682 018 C. No. IV/16/09/2017-Tech Dated: 29.11.2018 Trade Facility No: 16/2018 Central Tax Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit - regarding Ref: Circular No. 58/32/2018-GST dated 4th September, 2018 [F. No. CBEC- 20/ 16/04/2018-GST] Kind attention is invited to Board's Circular No. 58/3....

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....d 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 shall be recorded in Part II of the Electronic Liability Register (FORM GST PMT-01). 3. Currently, the functionality to record this liability ....