Section 73 Allows Recovery of Erroneously Refunded Unutilised ITC Without Prior Reversal of Refund Order and Triggers Mandatory Interest
Section 73 Allows Recovery of Erroneously Refunded Unutilised ITC Without Prior Reversal of Refund Order and Triggers Mandatory Interest Issue Whether an excess refund of unutilised Input Tax Credit (ITC) granted under Section 54(3) can be recovered as an “erroneous refund” under Section 73 without first filing an appeal or revision against the sanction order,… Read More »