Revenue Department cannot block Electronic Credit Ledger by making negative balance
Court :
Telangana High Court
Brief :
The Hon'ble Telangana High Court in Laxmi Fine Chem v. Assistant Commissioner [W.P No. 5256 of 2024 dated March 18, 2024] held that in case assessee has wrongly or fraudulently availed input tax credit ("ITC"), the Revenue department should initiate appropriate recovery proceedings under Section 73 or 74 of the Central Goods and Services Tax Act,2017 ("the CGST Act") rather than invoking Rule 86(A) of the Central Goods and Services Tax Rules, 2017 ("the CGST Rules").
Citation :
W.P No. 5256 of 2024 dated March 18, 2024
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Bimal Jain
Published in GST
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