How to reverse GST Input tax credit if taken Erroneously – Semantic Taxgen Pvt Ltd
evden eve nakliyatsancaktepe antika eşya alanlarantika alanlarkadıköy evden eve nakliyatAntika alan yerlergebze evden eve nakliyateskişehir saç protezipendik hayır lokmasıeskişhir uydu servisiçankırı evden eve nakliyatığdır evden eve nakliyatvalizEtimesgut evden eve nakliyaten yakın çekiciortodontituzla evden eve nakliyatankara evden eve nakliyatdijital danışmanlıkmamak evden eve nakliyatgaziantep evden eve nakliyatweb sitesi yapımı2. el kitap alan yerlerMedyumlarMedyumEtimesgut evden eve nakliyathayır lokmasıankara ofis taşımacılıgıeskişehir televizyon tamiriEtimesgut evden eve nakliyatgoogle ads çalışmasıeryaman evden eve nakliyatmaldives online casinopoodleEtimesgut evden eve nakliyatpoodlepomeranianpancakeswap botdextools trendingdextools trending servicedextools trending costdextools trending botdextools botdextools trending algorithmcoinmarketcap trending botpinksale trending botcoinmarketcap trendingfront run botfront running botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botGaziantep Evden Evepomeranian ilanlarıtuzla evden eve nakliyatMedyumseo çalışmasıgoogle adsvozol 10000Ucuz ucoto çekicisatılık pomeranian boo ilanlarıpoodleantika alanlarMalatya koltuk yıkamafree hacksmersin evden eve nakliyatevden eve nakliyatsancaktepe antika eşya alanlarantika alanlarkadıköy evden eve nakliyatAntika alan yerlergebze evden eve nakliyateskişehir saç protezipendik hayır lokmasıeskişhir uydu servisiçankırı evden eve nakliyatığdır evden eve nakliyatvalizEtimesgut evden eve nakliyaten yakın çekiciortodontituzla evden eve nakliyatankara evden eve nakliyatdijital danışmanlıkmamak evden eve nakliyatgaziantep evden eve nakliyatweb sitesi yapımı2. el kitap alan yerlerMedyumlarMedyumEtimesgut evden eve nakliyathayır lokmasıankara ofis taşımacılıgıeskişehir televizyon tamiriEtimesgut evden eve nakliyatgoogle ads çalışmasıeryaman evden eve nakliyatmaldives online casinopoodleEtimesgut evden eve nakliyatpoodlepomeranianpancakeswap botdextools trendingdextools trending servicedextools trending costdextools trending botdextools botdextools trending algorithmcoinmarketcap trending botpinksale trending botcoinmarketcap trendingfront run botfront running botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botGaziantep Evden Evepomeranian ilanlarıtuzla evden eve nakliyatMedyumseo çalışmasıgoogle adsvozol 10000Ucuz ucoto çekicisatılık pomeranian boo ilanlarıpoodleantika alanlarMalatya koltuk yıkamafree hacksmersin evden eve nakliyat

BLOG

How to reverse GST Input tax credit if taken Erroneously

September 08, 2018

Extract of Circular No. 58/32/2018-GST

Subject: Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit – regarding

Various representations have been received seeking clarification on the process of recovery of arrears of wrongly availed CENVAT credit under the existing law and CENVAT credit wrongly carried forward as transitional credit in the GST regime. In order to ensure uniformity in the implementation of the provisions of the law across the field formations, the Board, in exercise of its powers conferred under section 168 (1) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act’), hereby specifies the process of recovery of the said arrears and inadmissible transitional credit in the succeeding paragraphs.

2. The Board vide Circular No. 42/16/2018-GST dated 13th 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 shall be recorded in Part II of the Electronic Liability Register (FORM GST PMT-01).

3. Currently, the functionality to record this liability in the electronic liability register is not available on the common portal. Therefore, it is clarified that as an alternative method, taxpayers may reverse the wrongly availed CENVAT credit under the existing law and Circular No. 58/32/2018-GST inadmissible transitional credit through Table 4(B)(2) of FORM GSTR-3B. The applicable interest and penalty shall apply on all such reversals which shall be paid through entry in column 9 of Table 6.1 of FORM GSTR-3B.

4. It is requested that suitable trade notices may be issued to publicize the contents of this Circular.

5. Difficulty, if any, in implementation of this Circular may please be brought to the notice of the Board. Hindi version would follow.

Comments are closed.

Sweet bonanza demoCasinoslotcasibom girişsugar rush oynagates of olympus demobayan escortTürkiye Escort Bayanbuca escortPiabella Giriş TwitterBetgaranti Giriş Twitterİstanbulbahis TwitterMostbet Giriş Twitterfethiye escortmarsbahiscasibom girişizmir escortDenizli escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortBahis siteleriEsenyurt escort bayanmasöz bayanlarmasöz bayanlarantalya escort bayanlarbetturkeycasibom girişbets10 girişjojobet girişpusulabetbaywin girişGrandpashabet girişcasibom twitterholiganbet güncel girişbettiltcasibom girişslot sitelerisekabetbetmatik girişbetkanyon girişsekabet girişholiganbet girişbetmatikcasibomcasibomcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişhitbet twittersahabet twittersahabet twitterbettilt twittervdcasino twitterilbet twittercratosroyalbet twittertümbet twitterbaywin twitterslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahisbelugabahismadridbetcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomBetoffice girişPusulabetmeritking1xbetbahiscombycasinoikimisliorisbetkaçak maç izlecasibom girişcasibom girişcasibom girişcasibom giriş twittercasibom girişcasibom girişcasibomataşehir escortjojobetbetturkeygalabetcasibomSweet bonanza demoCasinoslotcasibom girişsugar rush oynagates of olympus demobayan escortTürkiye Escort Bayanbuca escortPiabella Giriş TwitterBetgaranti Giriş Twitterİstanbulbahis TwitterMostbet Giriş Twitterfethiye escortmarsbahiscasibom girişizmir escortDenizli escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortBahis siteleriEsenyurt escort bayanmasöz bayanlarmasöz bayanlarantalya escort bayanlarbetturkeycasibom girişbets10 girişjojobet girişpusulabetbaywin girişGrandpashabet girişcasibom twitterholiganbet güncel girişbettiltcasibom girişslot sitelerisekabetbetmatik girişbetkanyon girişsekabet girişholiganbet girişbetmatikcasibomcasibomcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişcasibom girişhitbet twittersahabet twittersahabet twitterbettilt twittervdcasino twitterilbet twittercratosroyalbet twittertümbet twitterbaywin twitterslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahisbelugabahismadridbetcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomBetoffice girişPusulabetmeritking1xbetbahiscombycasinoikimisliorisbetkaçak maç izlecasibom girişcasibom girişcasibom girişcasibom giriş twittercasibom girişcasibom girişcasibomataşehir escortjojobetbetturkeygalabetcasibom
Translate »