LatestGoods & Service Tax (GST) 23 June 2026
Madras HC Upholds ₹4.10 Crore GST ITC Blockage Under Rule 86A
The Madras High Court has ruled in favor of blockage of ₹4.10 Crore in Input Tax Credit (ITC) due to alleged fake transactions under Rule 86A of GST law.
Madras HC Upholds ₹4.10 Crore GST ITC Blockage Under Rule 86A
The Madras High Court has upheld a ₹4.10 Crore blockage in Input Tax Credit (ITC) following alleged fake transactions under Rule 86A of the GST law.
• Verification of vehicle movements, CCTV footage, E-Way Bills, and inward records revealed inconsistencies.
• The inconsistencies raised serious doubts about the legitimacy of the transactions.
Government Measures Sought to Thwart Fake GST Transactions
The Indian government has taken measures to prevent fake GST transactions, which have significant implications for the country's economy.
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