Excess input tax credit distribution requires recovery from recipients with interest and determination under tax recovery provisions. Where an Input Service Distributor distributes input tax credit in contravention of eligibility rules resulting in excess distribution, the excess credit ... Summary
Excess input tax credit distribution requires recovery from recipients with interest and determination under tax recovery provisions.
Where an Input Service Distributor distributes input tax credit in contravention of eligibility rules resulting in excess distribution, the excess credit shall be recovered from such recipients along with interest, and the procedural determination and recovery provisions shall apply mutatis mutandis to determine the amount to be recovered.
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