Excess input tax credit recovery limited to recipients, not Input Service Distributor; statutory recovery procedures apply. Excess credit distributed by an Input Service Distributor is recoverable, with interest, only from the recipient and not from the ISD; recovery must ... Summary
Excess input tax credit recovery limited to recipients, not Input Service Distributor; statutory recovery procedures apply.
Excess credit distributed by an Input Service Distributor is recoverable, with interest, only from the recipient and not from the ISD; recovery must follow the applicable statutory recovery procedures for erroneous or excess input tax adjustments rather than direct recovery from the ISD.
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