https://www.taxtmi.com/forum/issue?id=117308 Departmental claims for interest and penalty arise where reversal of input tax credit (ITC) has been delayed after summons and search; the key dispute is whether interest under the statutory interest provision applies to unutilised ITC reversed post-period, and whether initiation of recovery proceedings or a search alters the applicability of extended interest and penalty measures. en-us Thu, 24 Jun 2021 23:11:10 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117308 Departmental claims for interest and penalty arise where reversal of input tax credit (ITC) has been delayed after summons and search; the key dispute is whether interest under the statutory interest provision applies to unutilised ITC reversed post-period, and whether initiation of recovery proceedings or a search alters the applicability of extended interest and penalty measures. Discussion-Forum GST Thu, 24 Jun 2021 23:11:10 +0530 https://www.taxtmi.com/forum/issue?id=117308