Refund of Interest and Reversal of credit under GST terms

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How to differentiate Reversal of credit with Refund of Interest?

 

What is Reversal of credit? How does Refund of Interest work under GST regime? What are the difference between Reversal of credit and Refund of Interest?

 

The details about Reversal of credit and Refund of Interest with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Reversal of credit and Refund of Interest, so as to enable you to have a clear idea on these GST terms.

 

For your immediate reference, we give below web links on Reversal of credit and Refund of Interest separately below.  You may kindly read the below links to know more about Refund of Interest and Reversal of credit.  

 

Meaning of term reversal of credit under GST

What is Refund of Interest under GST

 

The above information easily explains about Refund of Interest and Reversal of credit.

 

We hope, you have satisfied with the difference between Reversal of credit and Refund of Interest explained above. Do you have different thought on difference between Refund of Interest and Reversal of credit?

 

Share below your thoughts about Reversal of credit and Refund of Interest

 

 

 

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