Input tax credit eligibility clarified to include supplies made before or after auction where goods are sold only through auction. Correction to Circular No. 11/2017-GST clarifies that the circular applies where an auctioneer claims ITC for supplies of tea, coffee, rubber and similar goods made to him by the principal before or after the auction, provided those goods are supplied only through auction.
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Input tax credit eligibility clarified to include supplies made before or after auction where goods are sold only through auction.
Correction to Circular No. 11/2017-GST clarifies that the circular applies where an auctioneer claims ITC for supplies of tea, coffee, rubber and similar goods made to him by the principal before or after the auction, provided those goods are supplied only through auction.
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