https://www.taxtmi.com/caselaws?id=463398 HC quashed and set aside the order of 11 March 2024 that blocked the petitioner's Electronic Credit Ledger resulting in negative ITC, and allowed the petition. The court held Rule 86A(1) cannot be interpreted to compel a taxpayer to replenish the ECL for previously utilized ITC on the basis that the Commissioner has reasons to believe the ITC was fraudulently availed or ineligible, because that would effectively operate as an order for recovery of tax and force increased cash outflows. en-us Thu, 09 Jan 2025 00:00:00 +0530 Fri, 29 Aug 2025 21:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463398 HC quashed and set aside the order of 11 March 2024 that blocked the petitioner's Electronic Credit Ledger resulting in negative ITC, and allowed the petition. The court held Rule 86A(1) cannot be interpreted to compel a taxpayer to replenish the ECL for previously utilized ITC on the basis that the Commissioner has reasons to believe the ITC was fraudulently availed or ineligible, because that would effectively operate as an order for recovery of tax and force increased cash outflows. Case-Laws GST Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463398