https://www.taxtmi.com/article/detailed?id=12634 The electronic credit ledger may be blocked to prevent utilization only up to the credits actually available; creating a negative balance is not authorized. Rule 86A allows disallowing debits equivalent to amounts allegedly fraudulently availed but does not permit insertion of negative credits when no input tax credit exists. Allegations of wrongful or fraudulent availment should be addressed through formal recovery proceedings rather than by making the ledger negative. en-us Fri, 24 May 2024 10:01:16 +0530 Fri, 24 May 2024 10:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12634 The electronic credit ledger may be blocked to prevent utilization only up to the credits actually available; creating a negative balance is not authorized. Rule 86A allows disallowing debits equivalent to amounts allegedly fraudulently availed but does not permit insertion of negative credits when no input tax credit exists. Allegations of wrongful or fraudulent availment should be addressed through formal recovery proceedings rather than by making the ledger negative. Articles Goods and Services Tax - GST Fri, 24 May 2024 10:01:16 +0530 https://www.taxtmi.com/article/detailed?id=12634