Rule 86-A of CGST Rules cannot block future Input Tax Credit; blocking notice quashed as ultra vires

Rule 86-A of CGST Rules cannot block future Input Tax Credit; blocking notice quashed as ultra viresCase-LawsGSTThe HC held that Rule 86-A of the CGST Rules cannot be construed to effectuate “negative blocking” of Input Tax Credit by precluding credits th

Rule 86-A of CGST Rules cannot block future Input Tax Credit; blocking notice quashed as ultra vires
Case-Laws
GST
The HC held that Rule 86-A of the CGST Rules cannot be construed to effectuate “negative blocking” of Input Tax Credit by precluding credits that were not present in the petitioner's Electronic Credit Ledger on the date the satisfaction and blocking order were recorded. Applying a literal construction of the taxing statute, the court found no ambiguity permitting the blocki

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