Section 21 CGST Act 2017
[ Section 21 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ]
Section 21 CGST Act 2017 relates to Manner of recovery of credit distributed in excess and is covered in Chapter V Input Tax Credit
[Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and the matters connected therewith or incidental thereto. ]
Manner of recovery of credit distributed in excess.
1 [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 2[or section 74A], as the case may be, shall, mutatis mutandis, apply for determination of amount to be recovered.]
Note
1 Enforced with effect from 1-7-2017.
2.Inserted by the Finance (No. 2) Act, 2024, w.e.f. 1-11-2024.
If you have any comments about Section 21 of CGST Act 2017 , share below your thoughts:
Read Draft GST Input tax Credit Rules
Related Book on GST Act
