https://www.taxtmi.com/caselaws?id=798304 Excess input tax credit proceedings under the CGST Act cannot be sustained where the taxpayer reverses the entire wrongly availed credit and pays applicable interest before issuance of a demand-cum-show-cause notice. Recovery for wrongly availed credit is governed by Section 73, while interest is governed by Section 50. Where revenue records acknowledge complete reversal and payment of interest before proceedings begin, no factual basis remains for a further demand. Consequential interest and penalty are therefore not payable. en-us Wed, 02 Sep 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798304 Excess input tax credit proceedings under the CGST Act cannot be sustained where the taxpayer reverses the entire wrongly availed credit and pays applicable interest before issuance of a demand-cum-show-cause notice. Recovery for wrongly availed credit is governed by Section 73, while interest is governed by Section 50. Where revenue records acknowledge complete reversal and payment of interest before proceedings begin, no factual basis remains for a further demand. Consequential interest and penalty are therefore not payable. Case-Laws GST Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798304