ITC Blocking Beyond One Year u/r 86A Held Ultra Vires; Renewed Freeze After 21.11.2024 Quashed
Case-Laws
GST
HC held that continued blocking of petitioner's ITC in the Electronic Credit Ledger beyond one year under Rule 86A of the 2017 Rules is ultra vires and unsustainable. Relying on the SC's interpretation of provisional attachment as a protective, pre-emptive measure and not a mode of recovery, the HC held that the statutory one-year period is sufficient for investigation and cannot
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