https://www.taxtmi.com/caselaws?id=787050 GST liability for penalty on ineligible input tax credit and interest on delayed payment requires fresh adjudication after considering the taxpayer's reversal, DRC-03A declaration, relevant judicial decisions, and the Finance Act, 2022 amendment to Section 50(3). The amendment and the distinction between availment and utilisation of input tax credit are material to determining whether interest is confined to the cash portion of tax and whether penalty under Section 74 applies. The taxpayer may file a reply with supporting documents within 30 days, and the adjudicating authority must issue a fresh reasoned order within three months of receiving it. en-us Thu, 05 Feb 2026 00:00:00 +0530 Wed, 25 Feb 2026 07:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787050 GST liability for penalty on ineligible input tax credit and interest on delayed payment requires fresh adjudication after considering the taxpayer's reversal, DRC-03A declaration, relevant judicial decisions, and the Finance Act, 2022 amendment to Section 50(3). The amendment and the distinction between availment and utilisation of input tax credit are material to determining whether interest is confined to the cash portion of tax and whether penalty under Section 74 applies. The taxpayer may file a reply with supporting documents within 30 days, and the adjudicating authority must issue a fresh reasoned order within three months of receiving it. Case-Laws GST Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787050