2023 (9) TMI 994

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..... AT:- Prima facie, the views of the Board regarding Rule 86-A(1)(a) and (c) of the Rules appears to be in order. The provisions do not permit the registered person to avail input tax credit on invoices or debit notes without actually receiving goods or services or both. Only Credit that is validly availed can be utilised for discharging the tax liability. This writ petition disposed off at the time .....

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..... tioner from Tvl.Agni Traders was bogus and that the said entity was a non-existent or not conducting any business activities in the address for which registration was obtained and have fraudulently availed and passed on ineligible Input tax credit to numerous taxpayers. 3. The learned counsel for the petitioner has placed reliance on the letter of the Central Board of Indirect Taxes and Customs da .....

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..... date of receipt of a copy of this order. 6. The respondent shall consider and dispose the same on merits and in accordance with law, within a peirod of two weeks thereafter. In case the Credit was wrongly availed by the petitioner, the respondent shall endeavour to issue a Show Cause Notice as the case may be either under Sections 73 or 74 of the Act and decide the issue finally as expeditiously a .....

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