https://www.taxtmi.com/caselaws?id=800518 Interest on wrongly availed and utilised input tax credit is calculated under section 50(3) of the CGST Act read with Rule 88B(3) from the actual date of utilisation until reversal, rather than from an earlier date of availment. Where verification establishes the utilisation and reversal dates, interest must cover that intervening period only. The assessment must be modified to correct any interest computation beginning before actual utilisation. en-us Thu, 01 Oct 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800518 Interest on wrongly availed and utilised input tax credit is calculated under section 50(3) of the CGST Act read with Rule 88B(3) from the actual date of utilisation until reversal, rather than from an earlier date of availment. Where verification establishes the utilisation and reversal dates, interest must cover that intervening period only. The assessment must be modified to correct any interest computation beginning before actual utilisation. Case-Laws GST Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800518