https://www.taxtmi.com/forum/issue?id=118260 Eligibility of a cooperative society to claim the special input tax credit available to banks or financial institutions depends on whether the society holds regulatory permission and functionally falls within the definition of a financial institution for GST purposes; if so, it may avail the concessional credit mechanism, though alternative input tax credit provisions may also be relevant and professional advice is advised before choosing the applicable option. en-us Fri, 02 Dec 2022 15:23:59 +0530 Thu, 23 Jan 2025 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118260 Eligibility of a cooperative society to claim the special input tax credit available to banks or financial institutions depends on whether the society holds regulatory permission and functionally falls within the definition of a financial institution for GST purposes; if so, it may avail the concessional credit mechanism, though alternative input tax credit provisions may also be relevant and professional advice is advised before choosing the applicable option. Discussion-Forum GST Fri, 02 Dec 2022 15:23:59 +0530 https://www.taxtmi.com/forum/issue?id=118260