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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.