Input tax credit restriction: specified transactions treated as exempt and CSR-related supplies disallowed for credit under GST. The amendment restricts availability of input tax credit by treating specified schedule transactions and transactions prescribed by rules as part of ... Summary
Input tax credit restriction: specified transactions treated as exempt and CSR-related supplies disallowed for credit under GST.
The amendment restricts availability of input tax credit by treating specified schedule transactions and transactions prescribed by rules as part of exempt-supply value for credit disallowance, and expressly disallows input tax credit for goods or services used or intended to be used to meet corporate social responsibility obligations.
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