Excess input tax credit recovery: recipients must repay improperly distributed credit with interest under GST recovery procedures. Excess input tax credit distributed by an Input Service Distributor must be recovered from the recipients who received credit in contravention of distribution rules, together with interest, and the amount to be recovered is determined by the established assessment and adjudication procedures applied mutatis mutandis.
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 input tax credit recovery: recipients must repay improperly distributed credit with interest under GST recovery procedures.
Excess input tax credit distributed by an Input Service Distributor must be recovered from the recipients who received credit in contravention of distribution rules, together with interest, and the amount to be recovered is determined by the established assessment and adjudication procedures applied mutatis mutandis.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.