https://www.taxtmi.com/highlights?id=76191 Reversal of excess input tax credit availed - bonafide mistake - The petitioner argued that the incorrect claiming of IGST instead of CGST was a bonafide mistake and should not lead to the disallowance of the input tax credit. However, the Court held that since the petitioner failed to move any application within the prescribed time limit for correcting the mistake or claiming the refund of the IGST, it could not intervene to amend the statutory provisions. en-us Fri, 29 Mar 2024 07:47:54 +0530 Fri, 29 Mar 2024 07:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76191 Reversal of excess input tax credit availed - bonafide mistake - The petitioner argued that the incorrect claiming of IGST instead of CGST was a bonafide mistake and should not lead to the disallowance of the input tax credit. However, the Court held that since the petitioner failed to move any application within the prescribed time limit for correcting the mistake or claiming the refund of the IGST, it could not intervene to amend the statutory provisions. Highlights GST Fri, 29 Mar 2024 07:47:54 +0530 https://www.taxtmi.com/highlights?id=76191