Input tax credit recovery requires repayment and interest when credits were wrongly availed under the Act. Recovery of wrongly availed input tax credit must be effected from the registered taxable person in accordance with the Act's provisions, and interest is chargeable on such recovery. The taxpayer who has taken credit wrongly is obliged to return the improperly claimed credit and pay interest as prescribed by the Act's recovery framework.
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.
Input tax credit recovery requires repayment and interest when credits were wrongly availed under the Act.
Recovery of wrongly availed input tax credit must be effected from the registered taxable person in accordance with the Act's provisions, and interest is chargeable on such recovery. The taxpayer who has taken credit wrongly is obliged to return the improperly claimed credit and pay interest as prescribed by the Act's recovery framework.
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