The Central Board of Indirect Taxes and Customs (CBIC), while clarifying 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, said that the taxpayers reverse the wrongly availed cenvat credit under the earlier tax regime and […]
The post Taxpayers can Reverse Wrongly Availed CENVAT Credit and Inadmissible Transitional Credit: CBIC [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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