https://www.taxtmi.com/forum/issue?id=115912 The taxpayer wrongly availed combined input tax credit and RCM, later had the excess adjusted in refund proceedings and re credited to its electronic credit ledger, and now intends to remit the amount via DRC 03. Interest may be chargeable from the time the credit was availed until reversal or payment, and the department may claim interest from the date the amount was credited into the electronic credit ledger until payment; the correct practice is to reverse wrongly availed credit promptly upon discovery. en-us Tue, 21 Jan 2020 11:41:30 +0530 Thu, 23 Jan 2025 15:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115912 The taxpayer wrongly availed combined input tax credit and RCM, later had the excess adjusted in refund proceedings and re credited to its electronic credit ledger, and now intends to remit the amount via DRC 03. Interest may be chargeable from the time the credit was availed until reversal or payment, and the department may claim interest from the date the amount was credited into the electronic credit ledger until payment; the correct practice is to reverse wrongly availed credit promptly upon discovery. Discussion-Forum GST Tue, 21 Jan 2020 11:41:30 +0530 https://www.taxtmi.com/forum/issue?id=115912