Notifying the goods on which refund of unutilized input tax credit shall not be allowed -Certain Amendments made. - G.O.Ms.No. 448 - Andhra Pradesh SGST
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Input tax credit restriction: refunds barred for specified goods received after the notified date and accumulated balances lapse. Amendment disallows refund of unutilised input tax credit for specified goods where supplies are received on or after the effective date; accumulated input tax credit balances attributable to inward supplies received up to the day before the effective date, after utilization against tax liabilities through the preceding month, 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: refunds barred for specified goods received after the notified date and accumulated balances lapse.
Amendment disallows refund of unutilised input tax credit for specified goods where supplies are received on or after the effective date; accumulated input tax credit balances attributable to inward supplies received up to the day before the effective date, after utilization against tax liabilities through the preceding month, shall lapse.
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