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CHAPTER V - INPUT TAX CREDIT
Section 21 - Manner of recovery of credit distributed in excess
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21. Manner of recovery of credit distributed in excess.[1]
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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 [2][or section 74A], as the case may be, shall, mutatis mutandis, apply for determination of amount to be recovered. |
[1] This Section was made effective by Notification No. 09/2017-Central Tax dt. 28-06-2017 wef 01-07-2017.
[2] Words inserted by Section 120 of The Finance (No. 2) Act, 2024 and made effective from 01-11-2024 by Notification No. 17/2024-Central Tax.
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