Laxmi Fine Chem Vs Assistant Commissioner
Date: March 18, 2024
Subject Matter
Rule 86A does not allow insertion of negative balances in Electronic Credit ledger
Summary
The case involves a writ petition filed against the respondents for blocking input tax credit without issuing a show cause notice and in contravention to Rule 86(A) of the CGST Rules 2017. The court ruled in favor of the petitioner, stating that the…
FULL TEXT OF THE JUDGMENT/ORDER OF TELANGANA HIGH COURT Heard Mr.S.Dwarkanath, learned Senior Counsel appearing on behalf of Mr.Siddharth Gilda, learned counsel for the petitioner, Mr.Swaroop Oorilla, learned Special Government Pleader for respondent Nos.1 and 2 and Mr.Rajesh Reddy, learned counsel representing Mr.Gadi Praveen Kumar, learned Deputy Solicitor General of India for respondent No.3. P…