Input tax credit allocated to the wrong tax head may be a technical error where no revenue loss arises.
Case-Laws
GST
Eligible IGST credit inadvertently availed and utilised as CGST and SGST may be treated as a technical allocation error rather than wrongful availment or utilisation under section 73, where no revenue loss arises. This approach treats the electronic credit ledger as a unified source of credit. Section 16(5), through its overriding clause, displaces the time-limit restriction in section 16(4) for credit within its scope, removing the basis for reversal on that ground.
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