Excess input tax credit recovery: recipients must repay excess credit with interest; assessment provisions apply mutatis mutandis. Where an Input Service Distributor distributes credit contrary to distribution rules, any excess credit received by recipients shall be recovered from ... Summary
Excess input tax credit recovery: recipients must repay excess credit with interest; assessment provisions apply mutatis mutandis.
Where an Input Service Distributor distributes credit contrary to distribution rules, any excess credit received by recipients shall be recovered from those recipients with interest, and the assessment and recovery provisions shall apply mutatis mutandis for determination of the amount to be recovered.
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