https://www.taxtmi.com/circulars?id=66655 For interest calculation when IGST credit is wrongly availed and reversed, the total input tax credit balance across IGST, CGST and SGST in the electronic credit ledger must be considered to determine whether and to what extent the wrongly availed IGST was utilized; compensation cess credit is excluded from this aggregation as it is usable only for compensation cess liabilities. en-us Fri, 21 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66655 For interest calculation when IGST credit is wrongly availed and reversed, the total input tax credit balance across IGST, CGST and SGST in the electronic credit ledger must be considered to determine whether and to what extent the wrongly availed IGST was utilized; compensation cess credit is excluded from this aggregation as it is usable only for compensation cess liabilities. Circulars GST - States Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66655