https://www.taxtmi.com/article/detailed?id=8649 Input tax credit under GST becomes operative only when claimed in a self assessed return and entered in the electronic credit ledger; until such entry exists credit cannot discharge tax liabilities. Sections 73 and 74 require assessment level determination of excess credit before recovery or penal action, and Section 132 penal provisions are conceptually tied to an established act of commission, except in habitual offender scenarios. Procedural fairness includes access to seized documents and recorded statements subject to limited protective claims by authorities. en-us Thu, 01 Aug 2019 05:47:44 +0530 Thu, 01 Aug 2019 05:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8649 Input tax credit under GST becomes operative only when claimed in a self assessed return and entered in the electronic credit ledger; until such entry exists credit cannot discharge tax liabilities. Sections 73 and 74 require assessment level determination of excess credit before recovery or penal action, and Section 132 penal provisions are conceptually tied to an established act of commission, except in habitual offender scenarios. Procedural fairness includes access to seized documents and recorded statements subject to limited protective claims by authorities. Articles Goods and Services Tax - GST Thu, 01 Aug 2019 05:47:44 +0530 https://www.taxtmi.com/article/detailed?id=8649