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<h1>Jammu & Kashmir Amends GST Input Tax Credit Rules; Limits Credit on Higher Central Tax Rates Above 2.5.</h1> The Government of Jammu and Kashmir has issued amendments to the notification SRO-GST11/2017 under the Jammu and Kashmir Goods and Services Tax Act, 2017. The amendments specify conditions for input tax credit claims when the supplier of input services charges a central tax rate higher than 2.5%. For example, if a supplier charges a higher tax rate, the input tax credit is limited to the amount calculated at 2.5%. Additionally, certain entries in the table and annexure regarding the classification of services have been modified or omitted. These changes are effective from October 20, 2023.