Assuming the registered person has wrongly enjoyed the credit (Refer to Q4) under the existing law, will the recovery be done under the GST Law or the existing law?
Question 5
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. Assuming the registered person has wrongly enjoyed the credit (Refer to Q4) under the existing law, will the recovery be done under the GST Law or the existing law?
Ans. The recovery relating to ITC wrongfully enjoyed, unless rec
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