Excess credit recovery can be enforced against an Input Service Distributor, with interest payable on amounts reclaimed. Where an Input Service Distributor has allocated input tax credit in excess of entitlement, the tax department may recover the excess amount from the ISD and charge interest on the recovered sums.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excess credit recovery can be enforced against an Input Service Distributor, with interest payable on amounts reclaimed.
Where an Input Service Distributor has allocated input tax credit in excess of entitlement, the tax department may recover the excess amount from the ISD and charge interest on the recovered sums.
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