https://www.taxtmi.com/manuals?id=2637 A tax officer authorised by the Commissioner may bar debit from the electronic credit ledger if input tax credit appears fraudulently or ineligible-instances include invoices from non-existent suppliers, lack of receipt of goods or services, supplier non-payment of tax, recipient non-existence, or absence of prescribed documents. The prohibition must be reasoned, can be revoked once conditions cease, and lapses after one year. Separately, taxpayers exceeding a high-value monthly taxable-supply threshold must fund a portion of output tax other than from the electronic credit ledger, subject to specified exceptions and possible removal of the restriction after verification. en-us Mon, 01 May 2023 18:19:00 +0530 Thu, 13 Mar 2025 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2637 A tax officer authorised by the Commissioner may bar debit from the electronic credit ledger if input tax credit appears fraudulently or ineligible-instances include invoices from non-existent suppliers, lack of receipt of goods or services, supplier non-payment of tax, recipient non-existence, or absence of prescribed documents. The prohibition must be reasoned, can be revoked once conditions cease, and lapses after one year. Separately, taxpayers exceeding a high-value monthly taxable-supply threshold must fund a portion of output tax other than from the electronic credit ledger, subject to specified exceptions and possible removal of the restriction after verification. Manuals GST Mon, 01 May 2023 18:19:00 +0530 https://www.taxtmi.com/manuals?id=2637