Excess input tax credit recovery: excess credit must be reclaimed from recipients with interest under applicable recovery procedures. Excess distribution of input tax credit by an Input Service Distributor must be recovered from recipients who received the excess, together with interest, and the procedural assessment provisions apply mutatis mutandis for determination of 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 recovery: excess credit must be reclaimed from recipients with interest under applicable recovery procedures.
Excess distribution of input tax credit by an Input Service Distributor must be recovered from recipients who received the excess, together with interest, and the procedural assessment provisions apply mutatis mutandis for determination of the amount to be recovered.
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