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of <h1>Telangana Amends GST Rules: Input Tax Credit Lapses for Specific Goods from August 2018 per Notification No. 20/2018.</h1> The Government of Telangana has issued an amendment to Notification No. 5/2017-State Tax (Rate) under the Telangana Goods and Services Tax Act, 2017. Effective from August 1, 2018, the amendment specifies that input tax credit accumulated on certain goods received on or after this date will not apply. Additionally, any unutilized input tax credit for these goods, accumulated up to July 31, 2018, will lapse after tax payments for July 2018. This amendment was made following recommendations from the Council and is formalized in Notification No. 20/2018-State Tax (Rate).
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