Saturday, March 3, 2018

More trouble for taxpayers! CBEC directs not to use disputed transitional CENVAT credit under ...

According to EY, the GSTN portal till now did not give the taxpayer the option to retain part of the credit without utilising it fully while computing GST liability exceeding such credit. However, this circular could result in the recovery of credit with interest and penalty. This will be triggered in all such cases ...

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