26-October-2021
Taxation
 
GSTN blocks Rs 14,000-crore input tax credits of 66,000 taxpayers
13-Oct-2021

GST Network on Tuesday said it has blocked Rs 14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under GST. Responding to social media posts based on an RTI reply about the Rs 6.14 lakh crore of ITC blocked under Rule 86A of GST laws, GSTN tweeted that the figure includes erroneous data entries made by the taxpayers.

News Source:- https://www.financialexpress.com/economy/gstn-blocks-rs-14000-crore-input-tax-credits-of-66000-taxpayers/2348791/