TMI BlogWhat will be the legal position in regard to the reversed input tax credit if the supplier later realizes the mistake and feeds the information?X X X X Extracts X X X X X X X X Extracts X X X X ..... Input Tax Credit - FAQ on GST (2nd Edition) dated 31.3.2017 - Act-Rules - Q 11. What will be the legal position in regard to the reversed input tax credit if the supplier later realizes the mista ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ectified the mis-match. The interest paid by the recipient at the time of reversal will also be refunded to the recipient by crediting the amount in corresponding head of his electronic cash ledger. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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