https://www.taxtmi.com/article/detailed?id=7127 Credit on pipelines and telecommunication towers affixed to earth is to be availed in phased instalments across three financial years; banking and financial institutions may opt for a monthly fixed proportion of eligible input tax credit for the balance of the year. Where a recipient fails to pay the supplier for the value of services within the prescribed period, any input tax credit availed must be added back to the recipient's output tax liability with interest. Supplies subject to reverse charge are treated as exempt for credit eligibility, and partial-use capital goods may require credit reversal. en-us Fri, 16 Dec 2016 08:42:20 +0530 Fri, 16 Dec 2016 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7127 Credit on pipelines and telecommunication towers affixed to earth is to be availed in phased instalments across three financial years; banking and financial institutions may opt for a monthly fixed proportion of eligible input tax credit for the balance of the year. Where a recipient fails to pay the supplier for the value of services within the prescribed period, any input tax credit availed must be added back to the recipient's output tax liability with interest. Supplies subject to reverse charge are treated as exempt for credit eligibility, and partial-use capital goods may require credit reversal. Articles Goods and Services Tax - GST Fri, 16 Dec 2016 08:42:20 +0530 https://www.taxtmi.com/article/detailed?id=7127