https://www.taxtmi.com/notifications?id=132460 A new rule 86A authorises the Commissioner or an authorised officer to restrict debits from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on grounds such as invoices issued by non existent suppliers, absence of receipt of goods or services, tax on the supply not paid to government, claimant non existence or lack of required tax invoices. The restriction is recorded in writing, prevents use of equivalent credit for liability discharge or refunds, may be revoked when conditions are remedied, and expires after one year. en-us Tue, 31 Dec 2019 00:00:00 +0530 Thu, 09 Apr 2020 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132460 A new rule 86A authorises the Commissioner or an authorised officer to restrict debits from the electronic credit ledger where input tax credit appears fraudulently availed or ineligible on grounds such as invoices issued by non existent suppliers, absence of receipt of goods or services, tax on the supply not paid to government, claimant non existence or lack of required tax invoices. The restriction is recorded in writing, prevents use of equivalent credit for liability discharge or refunds, may be revoked when conditions are remedied, and expires after one year. Notifications GST - States Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132460