2023 (7) TMI 190

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..... ce in the Electronic Credit Ledger. HELD THAT:- Rule 86A of the CGST Rules, 2017 makes a provision that reasons to be recorded in writing for not allowing debit of an amount equivalent to such credit in electronic credit ledger, for discharge of any liability under Section 49 or for claim of any refund of any unutilised amount. It is also envisaged that the Commissioner, or the officer authori .....

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..... ti Nishad. For the State : Ms. Shruti Vyas B Panel counsel. P.C. 1. At the request of Ms. Vyas learned counsel for the Revenue, stand over to 17 July 2023 (H.O.B.). 2. The grievance of the petitioner is in regard to the respondents blocking the available Input Tax Credit (ITC) of about Rs. 9 crores without any show cause notice and in complete violation of Rule 86A of the C .....

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..... sub-rule (1) may, upon being satisfied that conditions for disallowing debit of the electronic credit ledger no longer exist, allow such debit. 4. In the present case the petitioner has not been furnished with any details much less reasons recorded in writing indicating in regard to the impugned action is the grievance of the petitioner. It is submitted that the impugned action on the part of t .....

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