Saturday, 7 January 2017

Section-22. Manner of recovery of credit distributed in excess

                  Section-22.                       Manner of recovery of credit distributed in excess


Where the Input Service Distributor distributes the credit in contravention of the
provisions contained in section 21 resulting in excess distribution of credit to one
or more recipients of credit, the excess credit so distributed shall be recovered
from such recipient(s) along with interest, and the provisions of section 66 or 67,
as the case may be, shall apply mutatis mutandis for effecting such recovery.

0 comments:

Post a comment