Knanaya Multi-Purpose Co-operative Credit is Financial Institution, eligible for 50% of ITC: AAR

The Kerala Authority of Advance Ruling (AAR) ruled that the applicant Knanaya Multi-Purpose Co-operative Credit is a financial institution, eligible for 50% of Input Tax Credit (ITC). The applicant, M/s. The Knanaya Multi-Purpose Co-operative Credit Society Ltd. is a co-operative society registered with the Central Registrar of Co-operative Societies engaged in the business of accepting […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2QgClMl