HC: Directs Revenue to pass reasoned order for blocking Electronic Credit Ledger

Karnataka HC directs Revenue to pass a detailed reasoned order as required under Rule 86A of the CGST Rules, while bearing in mind that for the purposes of Rule 86A(3) which stipulates that the blockage shall cease to have effect after the expiry of a period of 1 year from the date of blocking; Notes that the Assessee’s credit ledger was blocked w.e.f. January 21, 2020 without assigning any reasons and that the Assessee is not even aware which Authority has blocked its ledg...