https://www.taxtmi.com/circulars?id=67333 Interest on wrongly availed IGST credit is determined by the aggregate input-tax credit balance in the electronic credit ledger across IGST, CGST and SGST; no interest is chargeable if that combined balance never falls below the wrongly availed amount during the period between availment and reversal. Compensation cess credit is excluded from this aggregate and cannot be used to offset interest exposure or reversals. en-us Fri, 28 Jul 2023 00:00:00 +0530 Thu, 25 Apr 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67333 Interest on wrongly availed IGST credit is determined by the aggregate input-tax credit balance in the electronic credit ledger across IGST, CGST and SGST; no interest is chargeable if that combined balance never falls below the wrongly availed amount during the period between availment and reversal. Compensation cess credit is excluded from this aggregate and cannot be used to offset interest exposure or reversals. Circulars GST - States Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67333