International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
HC examined the blocking of petitioner's Electronic Credit Ledger (ECL) under Rule 86A of the GST Rules, 2017. It held that Rule 86A permits only temporary restriction on debiting input tax credit (ITC) where there is reason to believe the ITC is fraudulently availed or ineligible, and does not contemplate "negative blocking" beyond the credit actually available in the ECL. The Court endorsed earlier views of other HCs that no prior show cause notice is required for such emergent action, but clarified that excess blocking is impermissible. Issues of wrongful availment/utilisation of ITC must be adjudicated under Sections 73/74. Petition allowed.
HC examined the blocking of petitioner's Electronic Credit Ledger (ECL) under Rule 86A of the GST Rules, 2017. It held that Rule 86A permits only temporary restriction on debiting input tax credit (ITC) where there is reason to believe the ITC is fraudulently availed or ineligible, and does not contemplate "negative blocking" beyond the credit actually available in the ECL. The Court endorsed earlier views of other HCs that no prior show cause notice is required for such emergent action, but clarified that excess blocking is impermissible. Issues of wrongful availment/utilisation of ITC must be adjudicated under Sections 73/74. Petition allowed.
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