Excess credit recovery can be enforced against an Input Service Distributor, with interest payable on amounts reclaimed. Where an Input Service Distributor has allocated input tax credit in excess of entitlement, the tax department may recover the excess amount from the ISD ... Summary
Excess credit recovery can be enforced against an Input Service Distributor, with interest payable on amounts reclaimed.
Where an Input Service Distributor has allocated input tax credit in excess of entitlement, the tax department may recover the excess amount from the ISD and charge interest on the recovered sums.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
