https://www.taxtmi.com/highlights?id=97006 Ineligible input tax credit claims triggered interest for late tax payment and a penalty for late payment; the statute permits a taxpayer to avoid higher penalty by pre-paying tax with interest and a reduced penalty under specified pre-payment options, and notifying the tax authority in writing. The petitioner did not exercise any pre-payment alternative and admitted and credited the tax later, so the assessment confirming tax, interest and penalty was sustained and the writ petition dismissed. en-us Wed, 18 Feb 2026 10:48:46 +0530 Wed, 18 Feb 2026 10:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97006 Ineligible input tax credit claims triggered interest for late tax payment and a penalty for late payment; the statute permits a taxpayer to avoid higher penalty by pre-paying tax with interest and a reduced penalty under specified pre-payment options, and notifying the tax authority in writing. The petitioner did not exercise any pre-payment alternative and admitted and credited the tax later, so the assessment confirming tax, interest and penalty was sustained and the writ petition dismissed. Highlights GST Wed, 18 Feb 2026 10:48:46 +0530 https://www.taxtmi.com/highlights?id=97006