Padmavathi Electrometals (P) Limited Vs Assistant Commissioner of Commercial Taxes
Date: June 6, 2024
Court: High Court
Bench: Karnataka
Type: Writ Petition
Judge(s)/Member(s): S SUNIL DUTT YADAV
Subject Matter
Rule 86A(3) allows blocking of ITC for a maximum period of one year
Summary
In this case, the petitioner sought to challenge the validity of several notices including one issued on April 21, 2023, regarding the blocking of Input Tax Credit (ITC) as per Rule 86A of the CGST/IGST Rules, 2017. The blocking of ITC was confirmed…
FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT The petitioner has sought for setting aside of the notice at Annexure-‘G’ dated 21.04.2023 as well as the notices at Annexures-‘H’ and ‘H1’, both issued in Form GST ASMT-10 in reference No.LGSTO-010/ASMT 10/BOGUS/23-24 dated 06.05.2023. The petitioner has also sought for setting side of the order at Annexur…