https://www.taxtmi.com/circulars?id=71758 Eligible banking companies, financial institutions and non-banking financial companies supplying deposit, loan or advance services may adopt the section 17(4) restricted input tax credit mechanism. Once an eligible distinct person of an entity opts for that mechanism, all eligible distinct persons of that entity must follow it. Credit relating to non-business use and blocked supplies is permanently reversed, specified same-PAN supplies may receive the applicable relaxation, and the remaining eligible credit is subject to the prescribed restricted availment. Temporarily ineligible credit may be reversed and later reclaimed on fulfilment of conditions. en-us Mon, 26 Oct 2026 00:00:00 +0530 Tue, 27 Oct 2026 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71758 Eligible banking companies, financial institutions and non-banking financial companies supplying deposit, loan or advance services may adopt the section 17(4) restricted input tax credit mechanism. Once an eligible distinct person of an entity opts for that mechanism, all eligible distinct persons of that entity must follow it. Credit relating to non-business use and blocked supplies is permanently reversed, specified same-PAN supplies may receive the applicable relaxation, and the remaining eligible credit is subject to the prescribed restricted availment. Temporarily ineligible credit may be reversed and later reclaimed on fulfilment of conditions. Circulars GST Mon, 26 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71758