Claim of credit by a banking company or a financial institution

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Full Text of the Document

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.... advances that chooses not to comply with the provisions of sub-section (2) of section 17, in accordance with the option permitted under sub-section (4) of that section, shall follow the procedure specified below - (a) the said company or institution shall not avail the credit of,- (i) tax paid on inputs and input services that are used for non-business purposes, and (ii) the credit attributabl....