https://www.taxtmi.com/caselaws?id=802561 Interest on wrongly availed input tax credit under Section 50(3) requires both wrongful availment and utilisation. Under Rule 88B(3), utilisation is assessed by whether the aggregate electronic credit ledger balance across the IGST, CGST and SGST heads falls below the wrongly availed credit. Where sufficient credit remains throughout and the credit is reversed without utilisation, interest is not leviable. A penalty under Section 73 requires a valid statutory and factual foundation; a residual penalty is unsustainable where the substantive tax demand has been set aside and no independent basis for the penalty is established. en-us Thu, 05 Nov 2026 00:00:00 +0530 Sat, 07 Nov 2026 08:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802561 Interest on wrongly availed input tax credit under Section 50(3) requires both wrongful availment and utilisation. Under Rule 88B(3), utilisation is assessed by whether the aggregate electronic credit ledger balance across the IGST, CGST and SGST heads falls below the wrongly availed credit. Where sufficient credit remains throughout and the credit is reversed without utilisation, interest is not leviable. A penalty under Section 73 requires a valid statutory and factual foundation; a residual penalty is unsustainable where the substantive tax demand has been set aside and no independent basis for the penalty is established. Case-Laws GST Thu, 05 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802561