Excess input tax credit distribution - recipients liable for recovery with interest; assessment provisions apply. Where an Input Service Distributor distributes input tax credit in contravention of distribution rules, any excess credit allocated to recipients is ... Summary
Excess input tax credit distribution - recipients liable for recovery with interest; assessment provisions apply.
Where an Input Service Distributor distributes input tax credit in contravention of distribution rules, any excess credit allocated to recipients is recoverable from those recipients with interest, and the statutory assessment and recovery provisions apply mutatis mutandis to determine the amount to be recovered.
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