Restriction on electronic credit ledger: officers may withhold debit where input tax credit appears fraudulently or ineligible. A new rule allows the Commissioner or an authorised officer to withhold debit of amounts from a registered person's electronic credit ledger where there are written reasons to believe input tax credit was fraudulently availed or is ineligible-including claims based on invoices from non existent suppliers, claims without receipt of goods or services, tax charged but not paid to government, claimant non existence, or absence of prescribed documents; the officer may later permit debit if satisfied conditions no longer exist and the restriction lapses after a defined period.
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Provisions expressly mentioned in the judgment/order text.
Restriction on electronic credit ledger: officers may withhold debit where input tax credit appears fraudulently or ineligible.
A new rule allows the Commissioner or an authorised officer to withhold debit of amounts from a registered person's electronic credit ledger where there are written reasons to believe input tax credit was fraudulently availed or is ineligible-including claims based on invoices from non existent suppliers, claims without receipt of goods or services, tax charged but not paid to government, claimant non existence, or absence of prescribed documents; the officer may later permit debit if satisfied conditions no longer exist and the restriction lapses after a defined period.
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