Sugna Sponge & Power Private Limited Vs Superintendent of Central Tax
Date: December 13, 2024
Subject Matter
Rule 86A allows for the blocking of credits that were wrongfully utilized, regardless of their current availability in the ledger.
Summary
The case involves a registered petitioner under the Goods and Services Tax Act, who has had their electronic credit ledger blocked for ₹19,73,299 by the 2nd respondent, invoking Rule 86A of the Central GST Rules, citing that the input tax credit (ITC…
FULL TEXT OF THE JUDGMENT/ORDER OF ANDHRA PRADESH HIGH COURT Heard Sri P. Venkata Prasad, learned counsel appearing for the petitioner and Smt. Santhi Chandra, learned Standing Counsel appearing for CBIC. 2. The petitioner, who is registered, under the Goods and Services Tax Act 2017 [for short “the GST Act”], had been paying its taxes, either by way of payment of cash or by utilizing the input ta…