https://www.taxtmi.com/article/detailed?id=10060 Rule 86A authorises a jurisdictional officer to disallow debit of amounts from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible-for example, credits based on invoices from non existent suppliers, without receipt of goods or services, or where tax on the supply remains unpaid. The Commissioner or authorised officer may restore debit when satisfied conditions cease to exist. The restriction automatically lapses after one year from imposition and negative ledger balances cannot be used to discharge liabilities. en-us Sat, 30 Oct 2021 12:44:23 +0530 Sat, 30 Oct 2021 12:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10060 Rule 86A authorises a jurisdictional officer to disallow debit of amounts from the electronic credit ledger where there are recorded reasons to believe input tax credit was fraudulently availed or is ineligible-for example, credits based on invoices from non existent suppliers, without receipt of goods or services, or where tax on the supply remains unpaid. The Commissioner or authorised officer may restore debit when satisfied conditions cease to exist. The restriction automatically lapses after one year from imposition and negative ledger balances cannot be used to discharge liabilities. Articles Goods and Services Tax - GST Sat, 30 Oct 2021 12:44:23 +0530 https://www.taxtmi.com/article/detailed?id=10060