https://www.taxtmi.com/acts?id=28358 A banking company or financial institution, including a non-banking financial company, may opt for a special input tax credit method instead of complying with section 17(2). Under this method, credit is barred for inputs and input services used for non-business purposes and for blocked credits under section 17(5), while credit is allowed for items covered by the second proviso to section 17(4) and not otherwise excluded. Fifty per cent of the remaining input tax is admissible as input tax credit. en-us Thu, 29 Jun 2017 10:32:33 +0530 Sat, 27 Jun 2026 13:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28358 A banking company or financial institution, including a non-banking financial company, may opt for a special input tax credit method instead of complying with section 17(2). Under this method, credit is barred for inputs and input services used for non-business purposes and for blocked credits under section 17(5), while credit is allowed for items covered by the second proviso to section 17(4) and not otherwise excluded. Fifty per cent of the remaining input tax is admissible as input tax credit. Act-Rules GST Thu, 29 Jun 2017 10:32:33 +0530 https://www.taxtmi.com/acts?id=28358