Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejected.

Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejected.Case-LawsGSTPetitioner admitted wrongful availment and retention of excess transitional input tax cre

Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejected.
Case-Laws
GST
Petitioner admitted wrongful availment and retention of excess transitional input tax credit and later reversed it; interest liability for wrongful availment is mandatory under the applicable GST interest provisions and was computed for the period of retention. The adjudicating and appellate authorities considered and re

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