https://www.taxtmi.com/acts?id=28830 Section 17 restricts input tax credit to the portion attributable to business or taxable supplies where inputs are used partly for exempt supplies; prescribes categories treated as exempt supplies; permits banking and financial institutions a monthly option to claim half of eligible credit subject to conditions; enumerates specific blocked credits including most motor vehicles, certain personal and employee-related supplies, works contracts and construction of immovable property (other than plant and machinery), composition-taxed supplies, non-resident inward supplies (except imports), personal consumption and lost or disposed goods; allows Government to prescribe attribution and defines plant and machinery with exclusions. en-us Sat, 01 Jul 2017 13:18:08 +0530 Fri, 28 Jul 2017 10:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28830 Section 17 restricts input tax credit to the portion attributable to business or taxable supplies where inputs are used partly for exempt supplies; prescribes categories treated as exempt supplies; permits banking and financial institutions a monthly option to claim half of eligible credit subject to conditions; enumerates specific blocked credits including most motor vehicles, certain personal and employee-related supplies, works contracts and construction of immovable property (other than plant and machinery), composition-taxed supplies, non-resident inward supplies (except imports), personal consumption and lost or disposed goods; allows Government to prescribe attribution and defines plant and machinery with exclusions. Act-Rules GST - States Sat, 01 Jul 2017 13:18:08 +0530 https://www.taxtmi.com/acts?id=28830