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of <h1>Clarification on recovering excess ITC distributed by ISD under Section 21 of CGST Act; penalties under Section 122(1)(ix).</h1> Section 21 of the CGST Act addresses the recovery of excess Input Tax Credit (ITC) distributed by an Input Service Distributor (ISD) in violation of Section 20. When excess credit is distributed, it must be recovered from the recipients with interest, applying the provisions of Sections 73, 74, or 74A. Recipients can voluntarily repay the excess credit using FORM GST DRC-03. If not, proceedings may be initiated using FORM GST DRC-07. The ISD is also subject to penalties under Section 122(1)(ix). Clarifications on these procedures were provided in Circular No. 71/45/2018-GST.
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