Section 21, Central Goods and Services Tax Act, 2017 [S10-6NN]
As at 1 July 2017. In force from 1 July 2017 by Notification No. 9/2017-Central Tax, dated 28-6-2017 [N10-27X].
21. Manner of recovery of credit distributed in excess.—
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,as the case may be, shall, mutatis mutandis , apply for determination of amount to be recovered.
Defined terms in this text (1)
section: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (54) "section" shall mean a section of the Act or Regulation in which the word occurs;
section: 363 more definitions.
Made under this section, or naming it (1)
Notification No. 17/2017-Union Territory Tax [N10-779], 24 October 2017, in force. The text contains "section 21 of the said Act".
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Not held (0)
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Duties published under this section (0)
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