Electronic credit ledger debit restrictions permit officers to block suspected fraudulent or ineligible input tax credit, subject to objection. Form GST DRC-26 enables restriction of debit from the electronic credit ledger where input tax credit appears to have been fraudulently availed or is ... Summary
Electronic credit ledger debit restrictions permit officers to block suspected fraudulent or ineligible input tax credit, subject to objection.
Form GST DRC-26 enables restriction of debit from the electronic credit ledger where input tax credit appears to have been fraudulently availed or is ineligible. The proper officer may restrict debit up to the equivalent credit amount after recording the reasons. The restriction ends on the earlier of one year from issuance or a subsequent order allowing debit when the disallowance grounds no longer exist. Objections may be filed through Form GST DRC-27.
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