Case LawWrit Petition (M/S) No. 1128 of 2021
Vimal Petrothin Pvt Ltd Vs Commissioner, Central Tax
- Court:
- High Court
- Bench:
- Uttarakhand
- Date:
- June 24, 2021
- Type:
- Writ Petition
- Members:
- MANOJ KUMAR TIWARI
Subject
Outer limit for disallowing debit of electronic credit ledger is one year
Input Tax Credit
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…
Judgement
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.…