Rule 86A allows only temporary ITC blocking, no negative balance; disputes must proceed u/ss 73 and 74

Rule 86A allows only temporary ITC blocking, no negative balance; disputes must proceed u/ss 73 and 74Case-LawsGSTHC examined the blocking of petitioner’s Electronic Credit Ledger (ECL) under Rule 86A of the GST Rules, 2017. It held that Rule 86A permits

Rule 86A allows only temporary ITC blocking, no negative balance; disputes must proceed u/ss 73 and 74
Case-Laws
GST
HC examined the blocking of petitioner's Electronic Credit Ledger (ECL) under Rule 86A of the GST Rules, 2017. It held that Rule 86A permits only temporary restriction on debiting input tax credit (ITC) where there is reason to believe the ITC is fraudulently availed or ineligible, and does not contemplate “negative blocking” beyond the credit actually available in the EC

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