Restriction on electronic input tax credit use when credit appears fraudulently availed, permitting temporary debit blocks pending verification. The amendment inserts conditions authorising the Commissioner or an authorised officer to withhold debit from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible, listing grounds such as invoices from non existent registrants, credits without receipt of goods or services, unpaid tax on the relevant supply, claimants lacking prescribed documents, or absence of required invoices; the officer must record reasons, may later allow debit if satisfied conditions no longer exist, and the restriction ceases after one year.
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Provisions expressly mentioned in the judgment/order text.
Restriction on electronic input tax credit use when credit appears fraudulently availed, permitting temporary debit blocks pending verification.
The amendment inserts conditions authorising the Commissioner or an authorised officer to withhold debit from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible, listing grounds such as invoices from non existent registrants, credits without receipt of goods or services, unpaid tax on the relevant supply, claimants lacking prescribed documents, or absence of required invoices; the officer must record reasons, may later allow debit if satisfied conditions no longer exist, and the restriction ceases after one year.
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