Goods and Services Tax – Started By: – MANASH MUKHERJEE – Dated:- 23-5-2018 Last Replied Date:- 25-5-2018 – Dear Sir, A taxpayer availed ITC againt TRAN 1 under para 5(a) . But actually the credit should have been on 6(a) , i.e. capital goods. How the things can be corrected or is the credit to be reversed by the taxpayer only on the ground that he wrongly filed TRAN 1 . With regards, M.Mukherjee. – Reply By KASTURI SETHI – The Reply = Credit has to reversed along with interest and penalty in o
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