Excess input tax credit distribution: recipients are liable for recovery with interest and standard assessment procedures apply. When an Input Service Distributor distributes credit in contravention of distribution rules, excess credit distributed shall be recovered from the ... Summary
Excess input tax credit distribution: recipients are liable for recovery with interest and standard assessment procedures apply.
When an Input Service Distributor distributes credit in contravention of distribution rules, excess credit distributed shall be recovered from the recipients along with interest, with existing assessment and determination procedures applied mutatis mutandis to determine the amount to be recovered.
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