Restriction on Electronic Credit Ledger use where input tax credit is suspected fraudulent, with review and one year limit. A new rule 86A authorises the Commissioner or an authorised officer to withhold debit from the electronic credit ledger where there are written reasons to believe input tax credit has been fraudulently availed or is ineligible, including credits based on invoices from non existent suppliers, absence of receipt of goods or services, unpaid tax by supplier, claimants not conducting business, or lack of requisite documents under rule 36; the officer may later restore debit access and any restriction lapses after one year.
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Provisions expressly mentioned in the judgment/order text.
Restriction on Electronic Credit Ledger use where input tax credit is suspected fraudulent, with review and one year limit.
A new rule 86A authorises the Commissioner or an authorised officer to withhold debit from the electronic credit ledger where there are written reasons to believe input tax credit has been fraudulently availed or is ineligible, including credits based on invoices from non existent suppliers, absence of receipt of goods or services, unpaid tax by supplier, claimants not conducting business, or lack of requisite documents under rule 36; the officer may later restore debit access and any restriction lapses after one year.
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