{"id":77249,"date":"2026-11-04T08:42:06","date_gmt":"2026-11-04T08:42:06","guid":{"rendered":""},"modified":"2026-11-04T08:42:06","modified_gmt":"2026-11-04T08:42:06","slug":"documented-input-tax-credit-appropriation-of-paid-tax-and-timely-tax-and-interest-payment-defeat-disputed-demands-and-penalties","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=77249","title":{"rendered":"Documented input tax credit, appropriation of paid tax and timely tax and interest payment defeat disputed demands and penalties."},"content":{"rendered":"<p>Documented input tax credit, appropriation of paid tax and timely tax and interest payment defeat disputed demands and penalties.<br \/>Case-Laws<br \/>GST<br \/>Verified invoices and a Chartered Accountant&#39;s certificate substantiated the disputed IGST input tax credit, and Revenue accepted that the related demand was unsustainable. CGST and SGST payments already made required full appropriation; as no tax remained unpaid, the consequential interest demand was unsustainable. Penalties for wrongful credit availment were unsustainable following payment of tax and interest within the period prescribed by section 73(8) of the CGST Act, 2017. The same reasoning applied to the IGST penalty, alongside Revenue&#39;s acceptance that the entire demand was unsustainable.<br \/> TMI Updates &#8211; Highlights, quick notes, marquee, annotation, news, alerts <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=105814\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Documented input tax credit, appropriation of paid tax and timely tax and interest payment defeat disputed demands and penalties.Case-LawsGSTVerified invoices and a Chartered Accountant&#8217;s certificate substantiated the disputed IGST input tax credit, an&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77249","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/77249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77249"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/77249\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}