Taxpayers can reverse wrongly availed credit through table 4(B)(2) of GSTR-3B
(Date:5/09/2018)
CBIC has clarified that the taxpayers can reverse the wrongly availed Cenvat credit under the existing law and inadmissible transitional credit through Table 4(B)(2) of FORM GSTR-3B. The applicable interest and penalty apply on all such reversals shall be paid through entry in column 9 of Table 6.1 of FORM GSTR-3B.