Blocking of electronic credit ledger of recipient dealer on account of fault of supplier dealer lacks any statutory authority. Post decisional hearing required to be provided to aggrieved taxpayer within 2 weeks from date of order blocking the ECL.

Blocking of electronic credit ledger of recipient dealer on account of fault of supplier dealer lacks any statutory authority. Post decisional hearing required to be provided to aggrieved taxpayer within 2 weeks from date of order blocking the ECL. https://www.taxtmi.com/article/detailed?id=10331 Blocking of an Electronic Credit Ledger under Rule 86A must be predicated on recorded reasons to believe and followed by a post-decisional remedial hearing, preferably within two weeks; absent a notified statutory provision imposing recipient liability for supplier default, blocking a recipient's credit ledger for the supplier's non-payment lacks present statutory authority, and recipients may provisionally claim input tax credit on the basis of legitimate invoices pending system-based matching and statutory enactment. en-us Mon, 28 Mar 2022 20:07:06 +0530 Mon, 28 Mar 2022 20:07:06 +0530 TaxTMI RSS Generator Blocking of electronic credit ledger of recipient dealer on account of fault of supplier dealer lacks any statutory authority. Post decisional hearing required to be provided to aggrieved taxpayer within 2 weeks from date of order blocking the ECL. https://www.taxtmi.com/article/detailed?id=10331 Blocking of an Electronic Credit Ledger under Rule 86A must be predicated on recorded reasons to believe and followed by a post-decisional remedial hearing, preferably within two weeks; absent a notified statutory provision imposing recipient liability for supplier default, blocking a recipient's credit ledger for the supplier's non-payment lacks present statutory authority, and recipients may provisionally claim input tax credit on the basis of legitimate invoices pending system-based matching and statutory enactment. Articles Goods and Services Tax - GST Mon, 28 Mar 2022 20:07:06 +0530 https://www.taxtmi.com/article/detailed?id=10331