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Input tax credit period expansion permits claims for preceding years and explicitly includes credits related to exports for registered persons. The amendment substitutes 'a financial year' with 'any preceding financial year from 2017-18 onwards', allowing claims of input tax credit for earlier financial years, and inserts 'or for exports' after 'goods or services or both to a registered person', thereby including credits attributable to exports within the notification's scope.
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Input tax credit period expansion permits claims for preceding years and explicitly includes credits related to exports for registered persons.
The amendment substitutes "a financial year" with "any preceding financial year from 2017-18 onwards", allowing claims of input tax credit for earlier financial years, and inserts "or for exports" after "goods or services or both to a registered person", thereby including credits attributable to exports within the notification's scope.
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