CBIC Issues Clarification on Charging of Interest in Cases of Wrong Availment of IGST Credit
- Blog|News|GST & Customs|
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- By Chetan Kulasri
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- Last Updated on 19 July, 2023
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Circular No. 192/04/2023-GST dated July 17th, 2023
The CBIC has issued circular to clarify that in the cases where IGST credit has been wrongly availed, there will not be any interest liability if the credit under the heads of IGST, CGST and SGST taken together, has never fallen below the amount of such wrongly availed ITC.
Click Here To Read The Full Circular
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