https://www.taxtmi.com/forum/issue?id=117161 Dispute whether Input Tax Credit held in the Electronic Credit Ledger from bullion inputs may be used to pay GST liability arising under the Reverse Charge Mechanism on castor oil seeds procured from agriculturists. An administrative ruling denied such utilization, while commentators argue no statutory one to one correlation is required and that ledger credit should be applicable to the RCM liability, recommending appeal of the ruling. en-us Thu, 15 Apr 2021 10:36:46 +0530 Thu, 23 Jan 2025 15:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117161 Dispute whether Input Tax Credit held in the Electronic Credit Ledger from bullion inputs may be used to pay GST liability arising under the Reverse Charge Mechanism on castor oil seeds procured from agriculturists. An administrative ruling denied such utilization, while commentators argue no statutory one to one correlation is required and that ledger credit should be applicable to the RCM liability, recommending appeal of the ruling. Discussion-Forum GST Thu, 15 Apr 2021 10:36:46 +0530 https://www.taxtmi.com/forum/issue?id=117161