Amendments in the Notification of the Government of Nagaland, Finance Department (Revenue Branch) F.NO.FIN/REV-3/GST/1/08 (Pt-1) “H” the 30th June, 2017. - FIN/REV-3/GST/1/08 (Pt-1)/221 - Nagaland SGST
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Input tax credit restriction: ITC on specified goods excluded for supplies from August; unutilised balances after July lapse. The amendment inserts a proviso excluding application of the notification to ITC accumulated on supplies of goods at serial numbers 1-7 (including 6A-6C) received on or after 1st August, 2018, and provides that any unutilised ITC balance after payment of tax for and up to July, 2018 on inward supplies received up to 31st July, 2018 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: ITC on specified goods excluded for supplies from August; unutilised balances after July lapse.
The amendment inserts a proviso excluding application of the notification to ITC accumulated on supplies of goods at serial numbers 1-7 (including 6A-6C) received on or after 1st August, 2018, and provides that any unutilised ITC balance after payment of tax for and up to July, 2018 on inward supplies received up to 31st July, 2018 shall lapse.
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