Procedure for Unblocking Negative Input Tax Credit (ITC) Ledger to Enable Filing of GSTR-3B
Introduction The Goods and Services Tax (GST) regime is built on the seamless flow of Input Tax Credit (ITC). However, in certain cases, the Electronic Credit Ledger (ECL) of a taxpayer may reflect a negative balance due to the blocking or recovery of ITC pursuant to proceedings initiated under Section 74 of the Central Goods […]