https://www.taxtmi.com/forum/issue?id=117818 If a taxpayer has discharged liability entirely through Input Tax Credit but is required to have paid a portion in cash, making the cash payment subsequently allows re credit of the utilised credit and a refund claim of the excess credit under the statutory refund mechanism. Alternatively, the taxpayer may rectify by short utilising ITC in a later periodic return (cumulative adjustment). Consideration must be given to procedural exceptions limiting utilisation when choosing between refund and adjustment. en-us Sun, 20 Feb 2022 14:47:10 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117818 If a taxpayer has discharged liability entirely through Input Tax Credit but is required to have paid a portion in cash, making the cash payment subsequently allows re credit of the utilised credit and a refund claim of the excess credit under the statutory refund mechanism. Alternatively, the taxpayer may rectify by short utilising ITC in a later periodic return (cumulative adjustment). Consideration must be given to procedural exceptions limiting utilisation when choosing between refund and adjustment. Discussion-Forum GST Sun, 20 Feb 2022 14:47:10 +0530 https://www.taxtmi.com/forum/issue?id=117818