Proportionality in company penalty quantification requires aggravating and mitigating factors; mechanical multiplication of director liability is impe...
Page of 4813
Press 'Enter' after typing page number.
3341 to 3360 of 96257 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Rule 86A of the GST Rules permits only a temporary restriction on debit of input tax credit actually available in the electronic credit ledger; it does not authorise the Commissioner or an authorised officer to create a negative balance or block credit beyond the amount standing to the taxpayer's credit. Following earlier High Court precedent and aligned decisions of other High Courts, the Court held that availability of credit is a condition precedent for invoking the rule. The negative blocking of the taxpayer's electronic credit ledger was therefore unsustainable, though the authorities were left free to pursue other lawful recovery through statutory remedies.
Rule 86A of the GST Rules permits only a temporary restriction on debit of input tax credit actually available in the electronic credit ledger; it does not authorise the Commissioner or an authorised officer to create a negative balance or block credit beyond the amount standing to the taxpayer's credit. Following earlier High Court precedent and aligned decisions of other High Courts, the Court held that availability of credit is a condition precedent for invoking the rule. The negative blocking of the taxpayer's electronic credit ledger was therefore unsustainable, though the authorities were left free to pursue other lawful recovery through statutory remedies.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
