Complete Case Digest on Wrongful Availment of ITC

ITC - Input tax credit - GST - Input Tax Credit - GST ITC reversal - Input Tax Credit penalty - taxscan

As per the GST provisions, if an entity wrongly avails Input Tax Credit ( ITC ) but hasn’t utilised it, it must reverse the credit along with interest within a specific period. Failing to do so may lead to penalty proceedings. Penalty Amount: If you have wrongly availed and utilised the ITC, the penalty can…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader