No Order can be Passed for Blocking of Credit in excess of Contravention to Negative Balance in ECRL: Telangana HC [Read Order]
The Bench observed that, the GST Authority lacks the authority to issue an order for the insertion of a negative balance in the credit ledger of the taxpayer
By Manu Sharma - On May 9, 2024 2:35 pm - 2 mins read
A Division Bench of the High Court of Telangana has clarified that the GST Authority does not have the power to issue orders for the insertion of a negative balance in the credit ledger of taxpayers. This verdict came resultant to a writ petition filed by Laxmi Fine Chem against the Assistant Commissioner challenging the…
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