Excess input tax credit recovery requires recipients to repay excess credit with interest under prescribed recovery procedures. Recovery of credit distributed in excess arises where an Input Service Distributor contravenes distribution rules and causes excess credit to one or more recipients; the excess must be recovered from those recipients with interest, and the procedural provisions for determination and recovery apply mutatis mutandis.
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Provisions expressly mentioned in the judgment/order text.
Excess input tax credit recovery requires recipients to repay excess credit with interest under prescribed recovery procedures.
Recovery of credit distributed in excess arises where an Input Service Distributor contravenes distribution rules and causes excess credit to one or more recipients; the excess must be recovered from those recipients with interest, and the procedural provisions for determination and recovery apply mutatis mutandis.
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