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 ..... g of Input Tax Credit X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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.
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