Excess input tax credit recovery: recipients must repay distributed credit with interest; assessment procedures determine the recoverable amount. Excess distribution of input tax credit by an Input Service Distributor requires recovery of the undue credit from recipients along with interest, and the statutory assessment and recovery procedures apply mutatis mutandis to determine the amount recoverable.
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 distributed credit with interest; assessment procedures determine the recoverable amount.
Excess distribution of input tax credit by an Input Service Distributor requires recovery of the undue credit from recipients along with interest, and the statutory assessment and recovery procedures apply mutatis mutandis to determine the amount recoverable.
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