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of <h1>Understanding GST: Rule 86A & 86B Credit Ledger Restrictions for Fraud Prevention and Tax Compliance</h1> The utilization of the electronic credit ledger under GST is subject to specific conditions and restrictions. Rule 86A allows the Commissioner or an authorized officer to block the credit if it is suspected to be fraudulently availed or ineligible. This restriction can last up to one year. Rule 86B restricts using the electronic credit ledger for tax liabilities exceeding 99% of the output tax when taxable supplies exceed 50 lakh rupees monthly, with exceptions for certain taxpayers meeting specific criteria. The Commissioner may lift these restrictions following verification.
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