Immediate Re blocking of ITC Ledger after 1 year is Prima Facie Overreach of Rule 86A(2): Delhi HC [Read Order]

Namoshivai Apparels Pvt Ltd Vs Union of India & Ors (Delhi High Court) One of the questions that arises for consideration of this Court is whether the respondent can continue blocking the Input Tax Credit beyond the period of one year by unblocking if after the expiry of one year and immediately blocking it thereafter. Prima facie, the same would amount to overreaching the provisions of Rule 86A(2) of the Central Goods and Services Tax Rules, 2017. FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT 1. Exemption allowed, subject to all just exceptions. 2. The application stands disposed of...