50(3) - how to calculate availed is utilized or not?

This query is : Resolved

Kunjan (Querist)
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15 April 2026 fy2223 dealer filing monthly, availaed big amount in 3b by mistake and reversed after 10 months.
for these 10 months, if utilized, he has to pay interest @24%.p.a.
but how to calculate utilized amount?
my view --> as i dont know how to calculate utilized amount monthly, i did overall.
no op. baalance in electronic credit or cash ledger.
utilized amount = gst1 output tax of full year minus (2b of full year+ cash paid in full year) = utilized @ 24% p.a. (roughly).

broadly, i am right ?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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15 April 2026 No, broad annual working is not correct. Under Rule 88B(3), wrong ITC is treated as utilised only to the extent the combined ECL balance (IGST+CGST+SGST) falls below the wrongly availed amount, and interest is payable only on that utilised portion from date of utilisation till reversal.

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