Delhi HC issues notice in writ challenging Rule 36(4), Circular on restriction of credit

Delhi HC issues notice in writ challenging Rule 36(4) of the CGST Rules for being manifestly arbitrary and ultra vires the provisions of CGST Act, further challenge is also made to GST Circular No. 123/42/2019-GST dated November 11, 2019; Petitioner contends that restriction to avail credit w.r.t. unreported invoices to the tune of 20% of eligible credit available in respect of invoices/debit notes for which details have been uploaded by respective suppliers,&n...