https://www.taxtmi.com/circulars?id=71424 For interest on wrongly availed IGST credit, the relevant balance is the combined input tax credit available under the IGST, CGST and SGST heads of the electronic credit ledger. No interest arises where that combined balance never falls below the wrongly availed amount between availment and reversal, even if the separate IGST balance falls below it. If the aggregate balance falls below that amount, utilisation and interest are limited to the shortfall. Compensation cess credit is excluded because it can be used only for compensation cess. en-us Mon, 14 Aug 2023 00:00:00 +0530 Wed, 23 Sep 2026 15:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71424 For interest on wrongly availed IGST credit, the relevant balance is the combined input tax credit available under the IGST, CGST and SGST heads of the electronic credit ledger. No interest arises where that combined balance never falls below the wrongly availed amount between availment and reversal, even if the separate IGST balance falls below it. If the aggregate balance falls below that amount, utilisation and interest are limited to the shortfall. Compensation cess credit is excluded because it can be used only for compensation cess. Circulars GST - States Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71424