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

The taxpayers have been directed not to utilise disputed transitional CENVAT credit under the goods and services tax (GST) regime. This has been informed by Central Board of Excise and Customs (CBEC) in a circular. The department has also mentioned that if the taxpayers failed to do so, the amount along with the interest and penalty will be recovered from them, according to Indian Express reports.…