Input tax credit restriction: specified goods excluded from notification and unutilised credits will lapse after the transitional period. Amendment excludes specified goods listed at serial numbers 1,2,3,4,5,6,6A,6B,6C and 7 from the notification for input tax credit accumulated on supplies received on or after 1st August, 2018; any unutilised input tax credit remaining after payment of tax up to July, 2018, in respect of inward supplies received up to 31st July, 2018, shall lapse.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit restriction: specified goods excluded from notification and unutilised credits will lapse after the transitional period.
Amendment excludes specified goods listed at serial numbers 1,2,3,4,5,6,6A,6B,6C and 7 from the notification for input tax credit accumulated on supplies received on or after 1st August, 2018; any unutilised input tax credit remaining after payment of tax up to July, 2018, in respect of inward supplies received up to 31st July, 2018, shall lapse.
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