Electronic credit ledger restrictions allow the tax commissioner to block debits where input tax credit appears fraudulently availed. A new rule 86A authorises the Commissioner or an authorised officer to, for reasons recorded in writing, not allow debit of an amount equivalent to input tax credit in the electronic credit ledger for discharge of liabilities under section 49 or for refund claims where credit appears fraudulently availed or ineligible, on specified grounds including documents from non existent suppliers, absence of receipt of goods or services, tax on the supply not paid to Government, claimant non existence, or lack of prescribed documents; the restriction may be lifted when grounds cease and expires after one year.
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Provisions expressly mentioned in the judgment/order text.
Electronic credit ledger restrictions allow the tax commissioner to block debits where input tax credit appears fraudulently availed.
A new rule 86A authorises the Commissioner or an authorised officer to, for reasons recorded in writing, not allow debit of an amount equivalent to input tax credit in the electronic credit ledger for discharge of liabilities under section 49 or for refund claims where credit appears fraudulently availed or ineligible, on specified grounds including documents from non existent suppliers, absence of receipt of goods or services, tax on the supply not paid to Government, claimant non existence, or lack of prescribed documents; the restriction may be lifted when grounds cease and expires after one year.
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