https://www.taxtmi.com/article/detailed?id=14098 Whether interest is payable on wrongly availed ITC depends on deemed 'utilisation' and whether utilisation is measured against the combined ITC pool or ledger wise; Circular 192 treats IGST holistically so interest is not attracted if total ITC across IGST, CGST and SGST covers the wrong credit, whereas Compensation Cess remains ring fenced and requires ledger specific evaluation. en-us Sat, 12 Apr 2025 08:41:30 +0530 Sat, 12 Apr 2025 08:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14098 Whether interest is payable on wrongly availed ITC depends on deemed 'utilisation' and whether utilisation is measured against the combined ITC pool or ledger wise; Circular 192 treats IGST holistically so interest is not attracted if total ITC across IGST, CGST and SGST covers the wrong credit, whereas Compensation Cess remains ring fenced and requires ledger specific evaluation. Articles Goods and Services Tax - GST Sat, 12 Apr 2025 08:41:30 +0530 https://www.taxtmi.com/article/detailed?id=14098