Input tax credit restriction narrowed, limiting non-availability to specified past assessment demands and removing other references. The amendment narrows the non availability of input tax credit under sub section (5) of section 17 to tax demands raised under section 74 only for a defined prior assessment period, and removes references to other enforcement provisions previously cited in that clause.
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Input tax credit restriction narrowed, limiting non-availability to specified past assessment demands and removing other references.
The amendment narrows the non availability of input tax credit under sub section (5) of section 17 to tax demands raised under section 74 only for a defined prior assessment period, and removes references to other enforcement provisions previously cited in that clause.
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