Excess input tax credit recovery: recipients must repay improperly distributed credit with interest under GST recovery procedures. Excess input tax credit distributed by an Input Service Distributor must be recovered from the recipients who received credit in contravention of ... Summary
Excess input tax credit recovery: recipients must repay improperly distributed credit with interest under GST recovery procedures.
Excess input tax credit distributed by an Input Service Distributor must be recovered from the recipients who received credit in contravention of distribution rules, together with interest, and the amount to be recovered is determined by the established assessment and adjudication procedures applied mutatis mutandis.
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