https://www.taxtmi.com/forum/issue?id=118263 Interest on GST liability is governed by Section 50 and Rule 88B; mere availability of input tax credit in the electronic ledger does not automatically prevent interest unless statutory provisos and conditions are satisfied. Where ITC was properly availed, subsequent reversal or tax payment due to later events does not necessarily make the initial availment wrongful, and time limits for reversal and departmental claims for interest on late reversal remain relevant. en-us Sat, 03 Dec 2022 21:14:42 +0530 Thu, 23 Jan 2025 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118263 Interest on GST liability is governed by Section 50 and Rule 88B; mere availability of input tax credit in the electronic ledger does not automatically prevent interest unless statutory provisos and conditions are satisfied. Where ITC was properly availed, subsequent reversal or tax payment due to later events does not necessarily make the initial availment wrongful, and time limits for reversal and departmental claims for interest on late reversal remain relevant. Discussion-Forum GST Sat, 03 Dec 2022 21:14:42 +0530 https://www.taxtmi.com/forum/issue?id=118263