Section 21 of CGST Act,2017 Manner of recovery of credit distributed in excess
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The below post explains about Manner of recovery of credit distributed in excess under section 21 of CGST Act,2017.
Section 21 of CGST Act, 2017 explains Manner of recovery of credit distributed in excess as below: (The amendments if any will also be updated here soon).
The extract of Section 21 of CGST Act,2017 quoted below:
Manner of recovery of credit distributed in excess.
21. 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,
as the case may be, shall, mutatis mutandis, apply for determination of amount to be
recovered.
The above information clarifies about Manner of recovery of credit distributed in excess under section 21 of CGST Act,2017.
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