Excess input tax credit distribution triggers recovery from recipients with interest and application of determination provisions. Excess distribution of input tax credit by an Input Service Distributor is recoverable from recipients who received credit beyond entitlement, together ... Summary
Excess input tax credit distribution triggers recovery from recipients with interest and application of determination provisions.
Excess distribution of input tax credit by an Input Service Distributor is recoverable from recipients who received credit beyond entitlement, together with interest; the statutory provisions governing determination of recoverable tax amounts apply mutatis mutandis to quantify the amount to be recovered.
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