Recovery Of Inadmissible Pre GST CENVAT Credit Must Proceed Under Earlier Tax Laws: GSTAT Thane

The Goods and Services Tax Appellate Tribunal (GSTAT), Thane Bench, has recently clarified that GST authorities cannot use Section 74 of the Central Goods and Services Tax (CGST) Act to question tax credits that businesses earned before GST came into force and later carried forward into the GST system.  Section 74 allows tax authorities to recover tax where they allege fraud, suppression of f…