TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Updates UTGST Rates: Input Tax Credit Limited to 2.5% for Certain Services; Affects Prior Notifications.</h1> The Government of India has issued Notification No. 12/2023 amending the Union Territory Goods and Services Tax (UTGST) rates, effective from October 20, 2023. Changes include conditions for input tax credit for services where the supplier charges UTGST at rates higher than 2.5%. Specifically, credit is limited to tax paid at 2.5% for input services in the same business line. Additionally, wording changes and omissions were made in the service classification scheme. The amendments affect prior notifications, including No. 11/2017 and No. 06/2023.
TaxTMI 
TaxTMI 
