What is the recovery mechanism for wrongly availed credit?

+1 vote

172 views

posted Nov 20, 2017 by Tanmay

Share this question

Your comment on this post:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Anti-spam verification:

To avoid this verification in future, please log in or register.

0 votes

As per section 16(16) of the MGL, the wrongly availed credit would be recovered from the registered taxable person in terms of section 51 of MGL.

answer Nov 21, 2017 by Kavyashree

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Anti-spam verification:

To avoid this verification in future, please log in or register.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

Anti-spam verification:

To avoid this verification in future, please log in or register.