https://www.taxtmi.com/forum/issue?id=120181 Misuse of input tax credit by utilising 100% instead of the permitted proportion under Rule 86B can lead the department to demand the remaining cash deposit along with interest and penalty; excess tax paid through ITC may be adjusted in subsequent periods, though one authority has observed the demand to be ultra vires without a final decision. en-us Thu, 26 Jun 2025 17:16:23 +0530 Sun, 29 Jun 2025 06:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120181 Misuse of input tax credit by utilising 100% instead of the permitted proportion under Rule 86B can lead the department to demand the remaining cash deposit along with interest and penalty; excess tax paid through ITC may be adjusted in subsequent periods, though one authority has observed the demand to be ultra vires without a final decision. Discussion-Forum GST Thu, 26 Jun 2025 17:16:23 +0530 https://www.taxtmi.com/forum/issue?id=120181