https://www.taxtmi.com/notifications?id=140980 Where an outward supply is taxed at five percent, ITC on input services in the same line of business is limited to the tax amount corresponding to five percent of the input service value; any input tax charged above that amount is not admissible, illustrated by a motor cab hire example where the recipient can claim only the portion of input tax equal to five percent of the supplier's charge. en-us Thu, 19 Oct 2023 00:00:00 +0530 Mon, 06 Nov 2023 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140980 Where an outward supply is taxed at five percent, ITC on input services in the same line of business is limited to the tax amount corresponding to five percent of the input service value; any input tax charged above that amount is not admissible, illustrated by a motor cab hire example where the recipient can claim only the portion of input tax equal to five percent of the supplier's charge. Notifications GST Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140980