https://www.taxtmi.com/article/detailed?id=15370 The note explains that Input Tax Credit comprises tax charged on inward supplies and is availed in the electronic credit ledger; interest and penalty arise on wrongful utilisation of credit, while mere wrongful availment without utilisation does not attract interest or penalty. It emphasizes that a taxpayer's electronic admission of wrongful availment and portal communications are decisive for adjudication, affecting issues of service, opportunity to be heard, and the scope of demands, and that adjudicating officers may impose tax and interest where based on such admissions. en-us Sat, 08 Nov 2025 08:33:21 +0530 Sat, 08 Nov 2025 08:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15370 The note explains that Input Tax Credit comprises tax charged on inward supplies and is availed in the electronic credit ledger; interest and penalty arise on wrongful utilisation of credit, while mere wrongful availment without utilisation does not attract interest or penalty. It emphasizes that a taxpayer's electronic admission of wrongful availment and portal communications are decisive for adjudication, affecting issues of service, opportunity to be heard, and the scope of demands, and that adjudicating officers may impose tax and interest where based on such admissions. Articles Goods and Services Tax - GST Sat, 08 Nov 2025 08:33:21 +0530 https://www.taxtmi.com/article/detailed?id=15370