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 mistak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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. - - s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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