https://www.taxtmi.com/forum/issue?id=115287 Inadmissible input tax credit for 2017-18 may be reversed now by payment via Form DRC-03 in cash for adjustment in GSTR-9/9C per Notification No.74/18-CT(R); electronic credit ledger payment is not acceptable for this purpose. Interest under provisions addressing undue or excess credit is generally chargeable only where the credit has been utilized; if the credit was never used to discharge output tax, interest is not payable, although a departmental view treats ledger-reflected credit as deemed availed. An alternative reversal route suggested was PMT-9. en-us Tue, 06 Aug 2019 09:46:07 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115287 Inadmissible input tax credit for 2017-18 may be reversed now by payment via Form DRC-03 in cash for adjustment in GSTR-9/9C per Notification No.74/18-CT(R); electronic credit ledger payment is not acceptable for this purpose. Interest under provisions addressing undue or excess credit is generally chargeable only where the credit has been utilized; if the credit was never used to discharge output tax, interest is not payable, although a departmental view treats ledger-reflected credit as deemed availed. An alternative reversal route suggested was PMT-9. Discussion-Forum GST Tue, 06 Aug 2019 09:46:07 +0530 https://www.taxtmi.com/forum/issue?id=115287