Input tax credit limitation: credit restricted when supplier charges higher central tax than recipient's applied rate. Limits input tax credit where the supplier of an input service in the same line of business charges central tax at a higher rate than the recipient: credit for such input services is restricted to the amount of central tax corresponding to the recipient's applied central tax rate, illustrated by a transport example.
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Input tax credit limitation: credit restricted when supplier charges higher central tax than recipient's applied rate.
Limits input tax credit where the supplier of an input service in the same line of business charges central tax at a higher rate than the recipient: credit for such input services is restricted to the amount of central tax corresponding to the recipient's applied central tax rate, illustrated by a transport example.
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