Recovery of Wrongfully Claimed Input Tax Credit will be pursued under GST law, not prior law. Recovery of wrongly enjoyed input tax credit is to be effected under the Goods and Services Tax framework; where input tax credit was wrongfully availed ... Summary
Recovery of Wrongfully Claimed Input Tax Credit will be pursued under GST law, not prior law.
Recovery of wrongly enjoyed input tax credit is to be effected under the Goods and Services Tax framework; where input tax credit was wrongfully availed during transition, the GST statutory recovery process applies rather than earlier law, with the GST provisions identified as the governing mechanism for reclaiming such credit.
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