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of <h1>Excess Input Tax Credit under GST Act: Recovery Process and Interest Explained in Section 51 for Distributors and Suppliers.</h1> The statutory provision outlines the recovery process for excess input tax credit distributed by an Input Service Distributor under the GST Act. If the distributor allocates more credit than available, the excess must be recovered from the distributor with interest, applying section 51's provisions. Similarly, if credit distribution contravenes section 17, leading to excess credit to suppliers, recovery is from those suppliers with interest, again applying section 51. The relevant period for determining credit distribution is based on the turnover of credit recipients, either from the previous financial year or the last available quarter.
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