Monday, July 13, 2020

Banking Company engaged in Supplying Services can avail an amount equal to 50% of eligible ITC: AAR [Read Order]

The Patna Authority of Advance Ruling (AAR) ruled that banking company engaged in supplying services by way of accepting deposits, extending loans or advances shall have the option to either comply with the provisions of Section 17(2) or avail of, every month, an amount equal to 50% of the eligible input tax credit on inputs, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/30aSjw7

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