IGST Credit Wrongly Availed-Interest Chargeable or not

As we know that the supplier of the goods or services charge the GST from the recipient except in case of RCM.  Now, the recipient has to take ITC of such tax which is charged by their suppliers. However, sometimes the recipient takes the ITC which is not available to him or some times the recipient takes excess ITC. In such situation when the recipient reverse such ITC which was wrongly availed by him, he is also liable to pay interest.................... Read More