Input services inclusion expands scope of input credit definition, applying retrospectively to the Finance Act. Section 155 substitutes the word "inputs" in section 73(2) of the Finance Act, 2010 with the expanded phrase "inputs or input services" and declares that ... Summary
Input services inclusion expands scope of input credit definition, applying retrospectively to the Finance Act.
Section 155 substitutes the word "inputs" in section 73(2) of the Finance Act, 2010 with the expanded phrase "inputs or input services" and declares that substitution to be deemed effective from 8 May 2010, thereby broadening the statutory category to include services treated as inputs under the Act.
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