No Negative Blocking of Electronic Credit Ledger Under Rule 86A: SC

Union of India And Ors. Vs K.K. Alloys (Supreme Court of India) The dispute concerned the scope of Rule 86A of the Central Goods and Services Tax Rules, 2017, specifically whether tax authorities can block a registered person’s Electronic Credit Ledger (ECL) by creating a negative balance exceeding the Input Tax Credit (ITC) actually available at the time of passing the order. Read Punjab And Haryana High Court Judgment in this case: P&H HC Sets Aside Negative GST ITC Blocking as Rule 86A Applies Only to Available Credit The petitioner challenged the action of the GST authorities, w...