https://www.taxtmi.com/forum/issue?id=114496 Mere carry forward or unutilised availability of input tax credit does not attract interest because output liability is reduced only upon utilisation; interest arises where ineligible credit was utilised to discharge GST, producing a delayed tax payment that must be regularised with interest from the date of utilisation. Cess credits retrospectively disallowed must be reversed, with interest consequences depending on whether such credits were utilised. en-us Wed, 16 Jan 2019 12:19:50 +0530 Thu, 23 Jan 2025 15:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114496 Mere carry forward or unutilised availability of input tax credit does not attract interest because output liability is reduced only upon utilisation; interest arises where ineligible credit was utilised to discharge GST, producing a delayed tax payment that must be regularised with interest from the date of utilisation. Cess credits retrospectively disallowed must be reversed, with interest consequences depending on whether such credits were utilised. Discussion-Forum GST Wed, 16 Jan 2019 12:19:50 +0530 https://www.taxtmi.com/forum/issue?id=114496