Clarification on "Lapse" in Notification No. 20/2018: ITC Affected by Inverted Duty Structure in GST Context.

Clarification on "Lapse" in Notification No. 20/2018: ITC Affected by Inverted Duty Structure in GST Context. https://www.taxtmi.com/highlights?id=51891 Input Tax Credit (ITC) - Interpretation of statute - meaning of word 'lapse' in Notification No. 20/2018-Central Tax (Rate) - the proviso seeks to lapse only such input tax credit which is the subject matter of principal notification, i.e. accumulated credit on account of inverted duty structure in respect of notified goods - AAR en-us Wed, 19 Feb 2020 17:03:15 +0530 Wed, 19 Feb 2020 17:03:15 +0530 TaxTMI RSS Generator Clarification on "Lapse" in Notification No. 20/2018: ITC Affected by Inverted Duty Structure in GST Context. https://www.taxtmi.com/highlights?id=51891 Input Tax Credit (ITC) - Interpretation of statute - meaning of word 'lapse' in Notification No. 20/2018-Central Tax (Rate) - the proviso seeks to lapse only such input tax credit which is the subject matter of principal notification, i.e. accumulated credit on account of inverted duty structure in respect of notified goods - AAR Highlights GST Wed, 19 Feb 2020 17:03:15 +0530 https://www.taxtmi.com/highlights?id=51891