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input-tax-credit

The Supreme Court on Monday upheld the validity of a rule of the Central Goods and Service Tax, which prescribes a formula excluding the refund of unutilised input tax paid on input services as part of input tax credit (ITC).

Refund for unutilised Input Tax Credit can't be claimed on input services: SC

However builders will not be able to claim input tax credit under the new GST tax regime

News

Refund for unutilised Input Tax Credit can't be claimed on input services: SC

GST: Taxes on houses under construction slashed to 5%