HC: ITC availment right not ‘indefeasible’; Refrains from stalling ‘legitimate’ investigation into fake ITC claims

Gujarat HC upholds DGGSTI’s action of blocking Input Tax Credit (ITC) in the electronic credit ledger of the assessee (who allegedly sought to avail ITC based on fraudulent transactions like fake/bogus invoices etc.) of a huge amount by invoking Rule 86A; Remarks, “It would be too much for this Court at this stage to stall a legitimate investigation into the allegations of fraudulent transactions and permit the writ applicants to avail the ITC of a huge amount in exe...