Input tax credit on reverse charge recognized; credit available where supplies are used in business. The definition of input tax expressly includes tax payable under the reverse charge provision, and input tax credit on such reverse charge is available when the goods or services are used, or intended to be used, in the course or furtherance of the taxpayer's business.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit on reverse charge recognized; credit available where supplies are used in business.
The definition of input tax expressly includes tax payable under the reverse charge provision, and input tax credit on such reverse charge is available when the goods or services are used, or intended to be used, in the course or furtherance of the taxpayer's business.
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