S.P. Metals Vs Assistant Commissioner of Central Tax
Date: January 2, 2024
Subject Matter
Period of block of ITC would remain valid only for a period of one year as per Sub-rule (3) of Rule 86A
Summary
The petitioner sought relief against the blocking of Input Tax Credit (ITC) amounting to Rs.98,68,146/- in their Electronic Credit Ledger by respondent No.1. The petitioner contended that the blocking of their ITC was not in accordance with the law.…
FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT In this writ petition, the petitioner has sought for the following relief: “A. Direct the 1st Respondent to unblock the Input Tax Credit to the tune of Rs.98,68,146/- as per the Petitioner’s Electronic Credit Ledger at Annexure-B by issuance of Writ of Mandamus or any other writ in the nature of a Writ of Mandamus by declari…