2024 (9) TMI 495

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..... t (ITC) in exercise of power under Rule 86A of CGST/IGST Rules, 2017 - HELD THAT:- In view of admitted facts and that the period of one year having lapsed, the blocking of ITC at Annexure-'K' dated 19.05.2023 has been set aside and consequently, the blocking of Credit Ledgers at Annexures-'L', 'L1' and 'L2' dated 20.05.2023, 03.06.2023 and 05.06.2023 are set a side. .....

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..... o such proceedings, the Credit Ledger has been blocked in terms of Annexures-'L', 'L1' and 'L2' dated 20.05.2023, 03.06.2023 and 05.06.2023 respectively. 4. It is to be noticed that under Rule 86A (3) of the said Rules, the blocking of ITC is only for a period of one year. 5. Sri K. Hema Kumar, learned Additional Government Advocate appearing for the respondents submits tha .....

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