https://www.taxtmi.com/circulars?id=71941 Section 17(4) is optional for a registration of a banking company or financial institution, including a non-banking financial company, engaged in accepting deposits or extending loans or advances. Once one eligible registration opts, all eligible registrations of the same entity must comply. The fifty percent restriction does not apply to qualifying inputs, input services and capital goods received from another registered person with the same PAN, provided both registrations have opted. Qualifying same-PAN credit is availed, while fifty percent of the remaining eligible credit is availed and the balance permanently reversed. en-us Fri, 30 Oct 2026 00:00:00 +0530 Fri, 06 Nov 2026 17:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71941 Section 17(4) is optional for a registration of a banking company or financial institution, including a non-banking financial company, engaged in accepting deposits or extending loans or advances. Once one eligible registration opts, all eligible registrations of the same entity must comply. The fifty percent restriction does not apply to qualifying inputs, input services and capital goods received from another registered person with the same PAN, provided both registrations have opted. Qualifying same-PAN credit is availed, while fifty percent of the remaining eligible credit is availed and the balance permanently reversed. Circulars GST - States Fri, 30 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71941