https://www.taxtmi.com/article/detailed?id=13406 The court found that misclassifying IGST as CGST and SGST in return filing was an inadvertent technical error, not wrong availment of input tax credit. Under the ledger-based statutory test, wrongly availed credit is treated as utilised only when the total balance in the electronic credit ledger falls below that amount; absent such depletion or evidence of utilisation, assessment proceedings for tax, interest and penalty on account of wrong availment are not maintainable. en-us Mon, 27 Jan 2025 10:05:16 +0530 Mon, 27 Jan 2025 10:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13406 The court found that misclassifying IGST as CGST and SGST in return filing was an inadvertent technical error, not wrong availment of input tax credit. Under the ledger-based statutory test, wrongly availed credit is treated as utilised only when the total balance in the electronic credit ledger falls below that amount; absent such depletion or evidence of utilisation, assessment proceedings for tax, interest and penalty on account of wrong availment are not maintainable. Articles Goods and Services Tax - GST Mon, 27 Jan 2025 10:05:16 +0530 https://www.taxtmi.com/article/detailed?id=13406