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of <h1>Meghalaya Limits Input Tax Credit on Services with Central Tax Rate Above 2.5% Effective October 20, 2023.</h1> The Government of Meghalaya has amended Notification No. ERTS(T) 65/2017/11, dated June 29, 2017, under the Meghalaya Goods and Services Tax Act, 2017. The amendment introduces conditions where input tax credit is limited if the supplier of input services charges a central tax rate higher than 2.5%. Specifically, the credit is capped at the tax amount corresponding to the 2.5% rate. Additionally, certain entries in the service classification scheme have been omitted. These changes are effective from October 20, 2023, as per the notification issued by the Excise, Registration, Taxation & Stamps Department.
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