https://www.taxtmi.com/forum/issue?id=116358 Calculation of interest on reversal of input tax credit hinges on whether the excess claim is treated under the matching related provision subject to the notified higher rate or under the general delayed payment provision attracting the lower compensatory rate. The higher notified rate is directed at amounts payable under the undue claim provision, but applicability is disputed because the matching mechanism is not operational; interest timing may run from the return filing date or statutory due date, and reversal within the same month may avoid interest. en-us Wed, 03 Jun 2020 17:25:04 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116358 Calculation of interest on reversal of input tax credit hinges on whether the excess claim is treated under the matching related provision subject to the notified higher rate or under the general delayed payment provision attracting the lower compensatory rate. The higher notified rate is directed at amounts payable under the undue claim provision, but applicability is disputed because the matching mechanism is not operational; interest timing may run from the return filing date or statutory due date, and reversal within the same month may avoid interest. Discussion-Forum GST Wed, 03 Jun 2020 17:25:04 +0530 https://www.taxtmi.com/forum/issue?id=116358