Restriction on use of electronic credit ledger: Commissioner may block debits where input tax credit appears fraudulent, subject to review. The rules amend the Meghalaya GST Rules by reducing the figure in rule 36(4) from 20 per cent. to 10 per cent. (effective 1 January 2020); insert rule 86A empowering the Commissioner or an authorised officer to restrict debits from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on specified grounds, permit restoration of debits when conditions cease, and provide that such restriction expires after one year; and add to rule 138E a clause capturing failure to furnish outward supply statements for any two months or quarters (effective 11 January 2020).
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Restriction on use of electronic credit ledger: Commissioner may block debits where input tax credit appears fraudulent, subject to review.
The rules amend the Meghalaya GST Rules by reducing the figure in rule 36(4) from 20 per cent. to 10 per cent. (effective 1 January 2020); insert rule 86A empowering the Commissioner or an authorised officer to restrict debits from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on specified grounds, permit restoration of debits when conditions cease, and provide that such restriction expires after one year; and add to rule 138E a clause capturing failure to furnish outward supply statements for any two months or quarters (effective 11 January 2020).
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