https://www.taxtmi.com/forum/issue?id=120175 Excess claim of Input Tax Credit must be reversed with interest if utilized, and any excess tax paid should be pursued by refund through proper procedure; an offsetting excess payment does not substitute for required reversal. Invocation of fraud-targeted provisions can be contested where there is no fraudulent intent or gross negligence, but the taxpayer carries the burden of proof to establish entitlement and procedural compliance. Procedural correction, documentary evidence, and demonstrating absence of revenue loss may mitigate penalty exposure though relief depends on strict adherence to statutory processes. en-us Tue, 24 Jun 2025 13:09:55 +0530 Sun, 29 Jun 2025 06:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120175 Excess claim of Input Tax Credit must be reversed with interest if utilized, and any excess tax paid should be pursued by refund through proper procedure; an offsetting excess payment does not substitute for required reversal. Invocation of fraud-targeted provisions can be contested where there is no fraudulent intent or gross negligence, but the taxpayer carries the burden of proof to establish entitlement and procedural compliance. Procedural correction, documentary evidence, and demonstrating absence of revenue loss may mitigate penalty exposure though relief depends on strict adherence to statutory processes. Discussion-Forum GST Tue, 24 Jun 2025 13:09:55 +0530 https://www.taxtmi.com/forum/issue?id=120175