https://www.taxtmi.com/forum/issue?id=118533 The proviso to Rule 37A allows re availment of input tax credit in Form GSTR 3B when a supplier files returns after the annual cutoff, but it does not address re crediting of interest and penalty; interest is argued to be compensatory and not recoverable twice, while penalty liability depends on the specific legal provision and may be contested. Remedies include filing a refund application for amounts paid and seeking writ relief where necessary, with outcomes dependent on factual and procedural circumstances surrounding the original payments. en-us Wed, 17 May 2023 12:38:20 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118533 The proviso to Rule 37A allows re availment of input tax credit in Form GSTR 3B when a supplier files returns after the annual cutoff, but it does not address re crediting of interest and penalty; interest is argued to be compensatory and not recoverable twice, while penalty liability depends on the specific legal provision and may be contested. Remedies include filing a refund application for amounts paid and seeking writ relief where necessary, with outcomes dependent on factual and procedural circumstances surrounding the original payments. Discussion-Forum GST Wed, 17 May 2023 12:38:20 +0530 https://www.taxtmi.com/forum/issue?id=118533