Amendments in the Notification of the Government of Odisha in the Finance Department No. 19845-FIN-CT1-TAX-0022-2017, dated the 29th June, 2017. - 24928-FIN-CT1-TAX-0043/2017 - Orissa SGST
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Input tax credit restrictions: specified goods' accumulated credits on supplies from August are excluded and unused credits lapse. The amendment inserts a proviso excluding input tax credit for specified goods where supplies are received on or after the first day of August, and provides that any unutilised input tax credit balance for those goods, after payment of tax for and up to the month of July on inward supplies received up to the 31st day of July, shall lapse.
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 restrictions: specified goods' accumulated credits on supplies from August are excluded and unused credits lapse.
The amendment inserts a proviso excluding input tax credit for specified goods where supplies are received on or after the first day of August, and provides that any unutilised input tax credit balance for those goods, after payment of tax for and up to the month of July on inward supplies received up to the 31st day of July, shall lapse.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.