Input tax credit exclusion: accumulated credits for specified goods disallowed and remaining balance lapses under the notification. Amendment excludes accumulated input tax credit on supplies of specified goods received on or after the 1st day of August, 2018 from the earlier notification, and provides that accumulated input tax credit balances unutilised after payment of tax for and up to July, 2018 in respect of inward supplies received on or before 31st July, 2018 shall lapse; the amendment is deemed to have come into force on 27th July, 2018.
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 exclusion: accumulated credits for specified goods disallowed and remaining balance lapses under the notification.
Amendment excludes accumulated input tax credit on supplies of specified goods received on or after the 1st day of August, 2018 from the earlier notification, and provides that accumulated input tax credit balances unutilised after payment of tax for and up to July, 2018 in respect of inward supplies received on or before 31st July, 2018 shall lapse; the amendment is deemed to have come into force on 27th July, 2018.
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