TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Suppliers of exempt or NIL-rated goods can't claim input tax credits; benefits go to importing states per Place of Supply Rules.</h1> The statutory provision addresses tax credits on inputs used for manufacturing or supplying exempted, NIL-rated, or non-GST goods or services. It clarifies that suppliers of such goods or services are not entitled to claim input tax credit (ITC) or refunds on GST paid for inputs, including services or capital goods. The provision recommends treating such tax credits as 'ineligible input tax credit' and suggests including invoice details in returns. It also proposes that ineligible tax credits should benefit importing states based on Place of Supply Rules, with a system for consistent fund allocation to these states.
TaxTMI 
TaxTMI 
