Tvl.Krishna Impex Vs Commissioner of GST and Central Excise
Date: November 28, 2024
Subject Matter
Any restriction on the electronic credit ledger expires after one year from its imposition under rule 86A(3)
Summary
The petitioner sought a writ petition to unblock their Input Tax Credit amounting to Rs.11,70,726, which was blocked by the GST Department on 15.04.2022 for a transaction with M/s. Sree Sathya Traders made in August 2019. The petitioner had previousl…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT The relief sought in the present writ petition is to direct the respondents to unblock the petitioner’s Input Tax Credit (ITC) under the TNGST Act amounting to Rs.11,70,726 (blocked vide reference no.BL3304220000184 on 15.04.2022) and consequently, permit the petitioner to debit the corresponding ITC from its Electronic Credit Ledger. 2. In the…