Excess input tax credit recovery: excess credit must be reclaimed from recipients with interest under applicable recovery procedures. Excess distribution of input tax credit by an Input Service Distributor must be recovered from recipients who received the excess, together with interest, ... Summary
Excess input tax credit recovery: excess credit must be reclaimed from recipients with interest under applicable recovery procedures.
Excess distribution of input tax credit by an Input Service Distributor must be recovered from recipients who received the excess, together with interest, and the procedural assessment provisions apply mutatis mutandis for determination of the amount to be recovered.
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