GST rate amendments tighten input tax credit rules and redefine transport and service classifications with concessional credit limits. The notification amends the schedule of state tax rates for specified services under the Odisha GST Act, substituting rates for multiple service entries and inserting provisos restricting input tax credit where credit on goods and services used in supplying the service has been taken. It adds or revises definitions for goods transport agency, multimodal transporter, mode of transport, and handicraft goods, and inserts clarifying explanations and illustrations-notably limiting credit for input services charged at rates higher than the concessional rate and specifying entitlement rules for multimodal transport and job-work services.
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GST rate amendments tighten input tax credit rules and redefine transport and service classifications with concessional credit limits.
The notification amends the schedule of state tax rates for specified services under the Odisha GST Act, substituting rates for multiple service entries and inserting provisos restricting input tax credit where credit on goods and services used in supplying the service has been taken. It adds or revises definitions for goods transport agency, multimodal transporter, mode of transport, and handicraft goods, and inserts clarifying explanations and illustrations-notably limiting credit for input services charged at rates higher than the concessional rate and specifying entitlement rules for multimodal transport and job-work services.
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