Input tax credit timing broadened to cover invoices received before, on or after the appointed day. The amendment broadens the timing rule for input tax credit by substituting the phrase limiting applicability to invoices received on or after the ... Summary
Input tax credit timing broadened to cover invoices received before, on or after the appointed day.
The amendment broadens the timing rule for input tax credit by substituting the phrase limiting applicability to invoices received on or after the appointed day with wording that covers invoices received prior to, on or after the appointed day, thereby treating pre-appointed-day invoices as within the scope of the provision.
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