Credit Cannot Be Blocked In Electronic Credit Ledger in Absence of Availability of Sufficient Balance: Gujarat HC [Read Order]

The court concluded that there cannot be any blocking of the credit in Electronic Credit Ledger if there is no sufficient balance available and directed the department to withdraw the negative block of the Electronic Credit Ledger
By Yogitha S. Yogesh - On October 17, 2024 8:23 pm - 2 mins read
Gujarat Hih Court - Electronic Credit Ledger - Credit Cannot Be Blocked - Insufficient funds in ledger - Credit blocking without sufficient balance - taxscan

The Gujarat High Court  in a recent case ruled that there cannot be any blocking of the credit in electronic credit ledger if there is no sufficient balance available. The Division Bench ruled as above while hearing a case where the assessee contested the blocking of Input Tax Credit ( ITC ) amounting to â‚č2,44,05,567…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  â‚č2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader