Vimal Petrothin Pvt Ltd Vs Commissioner, Central Tax
Date: June 24, 2021
Court: High Court
Bench: Uttarakhand
Type: Writ Petition
Judge(s)/Member(s): MANOJ KUMAR TIWARI
Subject Matter
Outer limit for disallowing debit of electronic credit ledger is one year
Summary
The outer limit for disallowing debit of electronic credit ledger is one year, as has been prescribed in Sub -Rule (3) of Rule 86(A) of the CGST Rules, which starts running from the da…
Petitioner is a Private Limited Company, having its manufacturing unit at Haridwar . Petitioner’s input tax credit available in its electronic trading ledger was provisionally blocked on the ground that petitioner had availed input tax credit , amounting to Rs. 1.5 crores , based on fake invoices issued by non -existing firms.…