THE CENTRAL GOODS AND SERVICES TAX ACT, 2017
INPUT TAX CREDIT
Section 21: Manner of recovery of credit distributed in excess. (Relevant Updates)
*Where the
Input Service Distributor
distributes the credit in
contravention of the provisions contained in section 20 resulting in excess
distribution of credit to one or more recipients of credit, the excess credit
so distributed shall be recovered from such
recipients
along with interest, and
the provisions of section 73 or
section 74, 1[or
section 74A] as the case may be, shall, mutatis
mutandis, apply for determination of amount to be recovered.