Negative Blocking of ITC in Excess of Amount available in ECL to Disallow Debit not allowable under GST Rule 86A(1): Delhi HC [Read Order]

The batch of eight petitioners argued that the power under Rule 86A should be limited to the ITC that is actually available in the ECL at the time the blocking order is issued
By Manu Sharma - On September 26, 2024 4:39 pm - 2 mins read
Delhi High Court - Delhi HC - Input Tax Credit - ITC - Electronic Credit Ledger - Central Goods and Services Tax - taxscan

The Delhi High Court held that Rule 86A of State and Central Goods and Services Tax ( GST ) Rules, 2017 should be interpreted literally, which limits the blocking of Input Tax Credit ( ITC ) to the amount available in the ECL at the time the order is passed. In the ruling, the Delhi…

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