Recovery of excess input tax credit: excess distributions are recoverable from recipients with interest under recovery rules. When an Input Service Distributor distributes credit contrary to distribution rules, excess credit distributed shall be recovered from the recipients with ... Summary
Recovery of excess input tax credit: excess distributions are recoverable from recipients with interest under recovery rules.
When an Input Service Distributor distributes credit contrary to distribution rules, excess credit distributed shall be recovered from the recipients with interest, applying the tax law's provisions for determination and recovery of the amount mutatis mutandis.
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