Amendment in the F.12(56)FD/Tax/2017-pt-I-44 dated 29-06-2017, related to notifying the goods in respect of which no refund of unutilised input tax credit shall be allowed. - F.12(56)FD/Tax/2017-Pt-III-076 - Rajasthan SGST
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Input tax credit restriction: accumulated credits for specified goods excluded and remaining balances will lapse under transitional rule. Amendment inserts a proviso withdrawing the earlier notification's application to accumulated input tax credit on supplies of specified goods received after a notified cut off, and provides that accumulated unutilised input tax credit, after payment of tax up to an earlier cut off on inward supplies received up to that earlier date, 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 restriction: accumulated credits for specified goods excluded and remaining balances will lapse under transitional rule.
Amendment inserts a proviso withdrawing the earlier notification's application to accumulated input tax credit on supplies of specified goods received after a notified cut off, and provides that accumulated unutilised input tax credit, after payment of tax up to an earlier cut off on inward supplies received up to that earlier date, shall lapse.
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