Input tax credit restriction on same-line transport services and service classification entries revised under State GST amendments. Further amendments are made to Tripura Notification No. 11/2017-State Tax (Rate) governing State GST rates and service classifications. The amendment inserts an additional condition for specified motor cab and related transport services taxed at 2.5%, providing that where an input service in the same line of business is charged State tax at a higher rate, input tax credit may not be taken to the extent it exceeds tax paid or payable at 2.5% on that input service. The notification also revises one service entry and omits specified entries from the Annexure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit restriction on same-line transport services and service classification entries revised under State GST amendments.
Further amendments are made to Tripura Notification No. 11/2017-State Tax (Rate) governing State GST rates and service classifications. The amendment inserts an additional condition for specified motor cab and related transport services taxed at 2.5%, providing that where an input service in the same line of business is charged State tax at a higher rate, input tax credit may not be taken to the extent it exceeds tax paid or payable at 2.5% on that input service. The notification also revises one service entry and omits specified entries from the Annexure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
