Friday, March 2, 2018

CBEC asks taxpayers not to use disputed transitional CENVAT credit under GST

EY in a note said, “The circular, denying the benefit of utilisation of disputed CENVAT credit against the GST liability, seems to be in supersession of the position under the law and hence it could invite litigation. Till recently, the GSTN portal did not give the option to the taxpayer to retain part of the credit ...

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