When taxpayers wrongly avail input tax credit (ITC) under GST, the law mandates interest shall be levied on such amounts if the credit is “utilised”. However, a key interpretational debate arises ...

The gross collections pertaining to the GST for the financial year 2024-2025 have touched ₹44,825 crore (up by 1.19%) against ₹44,298 crore in 2023-24.