Home Forum Goods and Services Tax - GST Month 8 2021 2021 (8) This
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Transitional Credit - Goods and Services Tax - GSTExtract Dear Experts, One of my clients has taken the VAT credit in GSTR-3B in the month of July 2017 instead of taking the credit through by filing TRAN-1 form . This credit belonging to VAT Credit against the Export of Goods. Presently, my client is under Central Jurisdiction, and the audit team came for Audit and found this error to the tune of ₹ 30 Lakhs. Accordingly, my client has excessive credit in the GST, based on that coercive action my client has reversed the credit under protest. Now, my client has received the SCN from the department and asking for Interest for the wrong availment of transition credit. My query is, can I file a writ petition before the court and direct the authority to accept the fresh TRAN-1 and allow the credit. And also waive the Interest u/s 50 of the CGST Act . Please suggest me and also, kindly share suitable citations in order to overcome this issue. Thanks in Advance.
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