https://www.taxtmi.com/forum/issue?id=115083 Excess input tax credit taken in one year and later reduced in subsequent GSTR-3B is treated as an unlawful excess that must be discharged in cash with interest; offsetting via the electronic credit ledger is not permitted for this cash payment. Annual returns must disclose amounts paid for such excess liabilities in the relevant liability disclosure table, and taxpayers who consider they have paid twice may seek refund or re-credit through prescribed mechanisms. en-us Mon, 17 Jun 2019 09:55:42 +0530 Thu, 23 Jan 2025 15:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115083 Excess input tax credit taken in one year and later reduced in subsequent GSTR-3B is treated as an unlawful excess that must be discharged in cash with interest; offsetting via the electronic credit ledger is not permitted for this cash payment. Annual returns must disclose amounts paid for such excess liabilities in the relevant liability disclosure table, and taxpayers who consider they have paid twice may seek refund or re-credit through prescribed mechanisms. Discussion-Forum GST Mon, 17 Jun 2019 09:55:42 +0530 https://www.taxtmi.com/forum/issue?id=115083