I have availed ITC under the Service tax regime, and now during the Tran 1 Verification few bills were missing due to which the credit needs to be reversed. however since inception of GST the credit transferred to GST has never been utilised till date.
The Officer has asked to pay the Differencial amount of credit along with interest, which I feel should not be the case as the same credit has never been utilised.
Reversal of credit can be done but to pay is highly illogical.
kindly grace me with some advice. any particular sections will be highly appreciated.
CAclubindia
