Applicant Ineligible for Full ITC Due to Non-Payment of Full Consideration u/s 16(2); Affects IGST and RCM.

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....Input Tax Credit (ITC) - applicant is not paying the full consideration of the transaction - As per proviso to Section 16(2), the applicant will not be eligible for full input tax credit as they are not paying the full amount to their supplier, even in the case of IGST and RCM....