https://www.taxtmi.com/forum/issue?id=116277 Application of the higher interest rate on reversal of excess input tax credit depends on taxpayer conduct and statutory triggering mechanisms: deliberate evasion, undue utilisation or other mala fide action attracts the higher rate, whereas voluntary self-correction for inadvertent or technical errors attracts the lower rate; limitations in the operation of related corrective processes and the absence of a provision for interest on interest affect treatment and potential litigation strategies. en-us Thu, 07 May 2020 20:32:32 +0530 Thu, 23 Jan 2025 15:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116277 Application of the higher interest rate on reversal of excess input tax credit depends on taxpayer conduct and statutory triggering mechanisms: deliberate evasion, undue utilisation or other mala fide action attracts the higher rate, whereas voluntary self-correction for inadvertent or technical errors attracts the lower rate; limitations in the operation of related corrective processes and the absence of a provision for interest on interest affect treatment and potential litigation strategies. Discussion-Forum GST Thu, 07 May 2020 20:32:32 +0530 https://www.taxtmi.com/forum/issue?id=116277