https://www.taxtmi.com/article/detailed?id=13564 Availment of input tax credit under CGST and SGST instead of IGST does not amount to wrongful availment where the electronic credit ledger, viewed as a pooled wallet, had sufficient total credit to cover the amount; technical misclassification alone will not sustain recovery proceedings. The court directed reconsideration of demand applying the pooled-ledger principle and administrative guidance that interest is chargeable only to the extent total ledger balances fall below the wrongly availed amount between availment and reversal. en-us Sat, 15 Feb 2025 11:24:45 +0530 Sat, 15 Feb 2025 11:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13564 Availment of input tax credit under CGST and SGST instead of IGST does not amount to wrongful availment where the electronic credit ledger, viewed as a pooled wallet, had sufficient total credit to cover the amount; technical misclassification alone will not sustain recovery proceedings. The court directed reconsideration of demand applying the pooled-ledger principle and administrative guidance that interest is chargeable only to the extent total ledger balances fall below the wrongly availed amount between availment and reversal. Articles Goods and Services Tax - GST Sat, 15 Feb 2025 11:24:45 +0530 https://www.taxtmi.com/article/detailed?id=13564