Restrictions on electronic credit ledger permit officials to block debits where input tax credit appears fraudulent, subject to review. A new rule 86A empowers the Commissioner or an authorised officer to bar debit of amounts from the electronic credit ledger for discharge of liabilities or refund claims where input tax credit is believed to be fraudulently availed or ineligible, on specified grounds including invoices from non-existent suppliers, lack of receipt of goods or services, tax on the supply not paid to Government, claimant not conducting business at the registered place, or absence of prescribed documents; the officer may restore debit if satisfied and any restriction expires after one year.
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Provisions expressly mentioned in the judgment/order text.
Restrictions on electronic credit ledger permit officials to block debits where input tax credit appears fraudulent, subject to review.
A new rule 86A empowers the Commissioner or an authorised officer to bar debit of amounts from the electronic credit ledger for discharge of liabilities or refund claims where input tax credit is believed to be fraudulently availed or ineligible, on specified grounds including invoices from non-existent suppliers, lack of receipt of goods or services, tax on the supply not paid to Government, claimant not conducting business at the registered place, or absence of prescribed documents; the officer may restore debit if satisfied and any restriction expires after one year.
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