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of <h1>Haryana Amends GST Act: Input Tax Credit for Services Capped at 2.5% Above State Tax Rate.</h1> The Haryana Government has amended Notification No. 46/ST-2 under the Haryana Goods and Services Tax Act, 2017. Effective October 20, 2023, the amendments include conditions where input tax credit for input services taxed above 2.5% will be limited to 2.5%. Specifically, if a supplier charges more than 2.5% State tax, the credit will be restricted to the tax amount at 2.5%. Changes also involve wording adjustments in licensing terms and the omission of certain service classifications. These modifications aim to streamline tax credit provisions and service classifications under the HGST Act.
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