Excess input tax credit distribution - recovery from recipients with interest and applicable recovery provisions under GST framework When an Input Service Distributor distributes input tax credit in contravention of distribution rules, the excess credit so distributed shall be recovered ... Summary
Excess input tax credit distribution - recovery from recipients with interest and applicable recovery provisions under GST framework
When an Input Service Distributor distributes input tax credit in contravention of distribution rules, the excess credit so distributed shall be recovered from the recipients along with interest, and the statutory recovery provisions applying to tax demands shall apply mutatis mutandis for determination of the amount to be recovered.
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