https://www.taxtmi.com/caselaws?id=396809 The Tribunal held that the applicant, a banking company, is entitled to avail 50% of the eligible input tax credit (ITC) on the GST paid for the DICGC premium under Section 17(4) of the CGST/SGST Act, 2017. This entitlement is contingent upon strict compliance with the procedural requirements outlined in Rule 38 of the CGST/SGST Rules, 2017. The Tribunal found no competing arguments against the applicant's position and confirmed the lawfulness of their practice in availing the ITC as per the statutory framework. en-us Tue, 30 Jun 2020 00:00:00 +0530 Tue, 18 Feb 2025 15:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396809 The Tribunal held that the applicant, a banking company, is entitled to avail 50% of the eligible input tax credit (ITC) on the GST paid for the DICGC premium under Section 17(4) of the CGST/SGST Act, 2017. This entitlement is contingent upon strict compliance with the procedural requirements outlined in Rule 38 of the CGST/SGST Rules, 2017. The Tribunal found no competing arguments against the applicant's position and confirmed the lawfulness of their practice in availing the ITC as per the statutory framework. Case-Laws GST Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396809