Excess input tax credit recovery: recipients liable for repayment with interest under prescribed GST assessment procedures. Where an Input Service Distributor distributes input tax credit in contravention of entitlement rules, any excess credit distributed to recipients is ... Summary
Excess input tax credit recovery: recipients liable for repayment with interest under prescribed GST assessment procedures.
Where an Input Service Distributor distributes input tax credit in contravention of entitlement rules, any excess credit distributed to recipients is recoverable from those recipients with interest, and the prescribed assessment and recovery procedures apply mutatis mutandis to determine and recover the amount.
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