https://www.taxtmi.com/forum/issue?id=116600 Competing views govern interest on wrongly claimed ITC: one view treats statutory interest as payable on undue or excess ITC claims identified under the matching framework to prevent abuse; the contrary view-supported by judicial commentary and practical concerns about the inactive matching functionality-holds that interest is payable only when the wrongfully claimed ITC has been utilised to reduce output tax liability, and that reversal before utilisation and before any matching determination should preclude interest. en-us Tue, 04 Aug 2020 18:28:41 +0530 Thu, 23 Jan 2025 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116600 Competing views govern interest on wrongly claimed ITC: one view treats statutory interest as payable on undue or excess ITC claims identified under the matching framework to prevent abuse; the contrary view-supported by judicial commentary and practical concerns about the inactive matching functionality-holds that interest is payable only when the wrongfully claimed ITC has been utilised to reduce output tax liability, and that reversal before utilisation and before any matching determination should preclude interest. Discussion-Forum GST Tue, 04 Aug 2020 18:28:41 +0530 https://www.taxtmi.com/forum/issue?id=116600