Input tax credit restriction for same-line-of-business services is tightened under Andhra Pradesh GST notification amendments. The notification amends the Andhra Pradesh GST rate notification by limiting input tax credit for certain same-line-of-business input services to the tax payable at 2.5 per cent, even if the input supplier charges a higher rate. It also revises one service description, omits a related item, and deletes two entries from the Scheme of Classification of Services. The amendments are effective from 20 October 2023.
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Input tax credit restriction for same-line-of-business services is tightened under Andhra Pradesh GST notification amendments.
The notification amends the Andhra Pradesh GST rate notification by limiting input tax credit for certain same-line-of-business input services to the tax payable at 2.5 per cent, even if the input supplier charges a higher rate. It also revises one service description, omits a related item, and deletes two entries from the Scheme of Classification of Services. The amendments are effective from 20 October 2023.
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