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    <title>Interest liability on ITC reversal due to credit note</title>
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    <description>Interest on reversed ITC arises only for the period during which the credit was wrongly availed and utilized after the event triggering reversal. Where a supplier issued a credit note in February 2022 and ITC was reversed in December 2022, interest should be computed from issuance of the credit note until actual reversal; demands for interest from the earlier date of availment are unsupportable under the cited authority and administrative guidance.</description>
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      <title>Interest liability on ITC reversal due to credit note</title>
      <link>https://www.taxtmi.com/forum/issue?id=120460</link>
      <description>Interest on reversed ITC arises only for the period during which the credit was wrongly availed and utilized after the event triggering reversal. Where a supplier issued a credit note in February 2022 and ITC was reversed in December 2022, interest should be computed from issuance of the credit note until actual reversal; demands for interest from the earlier date of availment are unsupportable under the cited authority and administrative guidance.</description>
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      <pubDate>Mon, 15 Sep 2025 10:31:58 +0530</pubDate>
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