Guidelines regarding circumstances in which Input Tax Credit has to be blocked /unblocked from Electronic credit ledger

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..... circumstances in which Input Tax Credit has to be blocked /unblocked from Electronic credit ledger. On the subject captioned above, it is intimated that GSTN has recently released API for application of the functionality for blocking and unblocking of Input Tax Credit by the statutory authorities on the GST common portal. The system Integrator of the Department has developed the necessary backend .....

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..... ly has been made and the proper tax has also not been deposited in respect of the claimed credit. ii) Full amount of credit should also be blocked in cases where the firms have been found non-functional. Such taxpayers are also not entitled for the credit as no supply has been received for the reason that the firms are non-functional. iii) Credit should also be blocked in respect of those regist .....

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..... with Section 17(5) of the GST law. If in pursuance of examination of returns or otherwise, such cases are detected, the credit should be blocked. The credit in these cases shall be blocked only to the extent of amount of inadmissible credit. vi) The Credit should be blocked in all such cases where the taxpayers are not entitled for the credit in accordance with various provisions of the law i.e. .....

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