पूरा ITC Block नहीं होगा I Relief to GST Taxpayer I CA Satbir Singh

Download Judgment click here

• GST Officer has blocked the Input Tax Credit of the Taxpayer.
• Input Tax Credit can be blocked for one year.
• show cause notices have been issued and the matter is now pending before the adjudicating authority
• Taxpayer states that adjudication proceedings pursuant to the said show cause notices will take sometime and in the meantime, if Input Tax Credit remains blocked, it (petitioner) cannot file its return and it would lead to cancellation of registration.
• The petitioner has remedy of filing an appeal after the adjudicating order is passed and even if he is required to file an appeal, he is to deposit only 10% of the penalty amount assessed. Hence, in this backdrop, the account of the Taxpayer cannot be blocked beyond 10% of the penalty amount assessed.