Taxpayers Win: Rule 86A Limits on Input Tax Credit Ledger Automatically Expire After One Year

Taxpayers Win: Rule 86A Limits on Input Tax Credit Ledger Automatically Expire After One YearCase-LawsGSTHC ruled that blocking of Input Tax Credit (ITC) ledger beyond one year under Rule 86A of CGST Rules, 2017, must be lifted. The statutory interpretati

Taxpayers Win: Rule 86A Limits on Input Tax Credit Ledger Automatically Expire After One Year
Case-Laws
GST
HC ruled that blocking of Input Tax Credit (ITC) ledger beyond one year under Rule 86A of CGST Rules, 2017, must be lifted. The statutory interpretation of Rule 86A(3) mandates automatic removal of credit restrictions after the specified time period. The court's decision explicitly notes that lifting the ITC block is independent of any concurrent administrative or legal proceeding

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