Restriction on electronic credit ledger use where input tax credit suspected fraudulent; debits may be disallowed until conditions rectified. Authorities may withhold debits from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible, including credits based on invoices from non-existent suppliers, credits claimed without receipt of goods or services, credits where tax on the supply remained unpaid, or where the claimant lacks prescribed documents; the Commissioner or an authorised officer may rescind the restriction when satisfied conditions no longer exist, and the restriction ceases automatically after one year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restriction on electronic credit ledger use where input tax credit suspected fraudulent; debits may be disallowed until conditions rectified.
Authorities may withhold debits from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible, including credits based on invoices from non-existent suppliers, credits claimed without receipt of goods or services, credits where tax on the supply remained unpaid, or where the claimant lacks prescribed documents; the Commissioner or an authorised officer may rescind the restriction when satisfied conditions no longer exist, and the restriction ceases automatically after one year.
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