Excess input tax credit distribution triggers recovery from recipients with interest and application of determination provisions. Excess distribution of input tax credit by an Input Service Distributor is recoverable from recipients who received credit beyond entitlement, together with interest; the statutory provisions governing determination of recoverable tax amounts apply mutatis mutandis to quantify the amount to be recovered.
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 distribution triggers recovery from recipients with interest and application of determination provisions.
Excess distribution of input tax credit by an Input Service Distributor is recoverable from recipients who received credit beyond entitlement, together with interest; the statutory provisions governing determination of recoverable tax amounts apply mutatis mutandis to quantify the amount to be recovered.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.