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co operative society bank gst credit - Goods and Services Tax - GSTExtract Dear Expert, we have an Society Godavari Mutually aided co operative society ltd , registered under societs registrations act, engaged in supply of services by way of accepting deposits ,my query is wether the above society can avail 50% of input tax credit as per sec 17(4) it is said that a banking company or a financial institution including NBFC , engaged in supply of services by way of accepting deposits , extending loans or advances shall have the option an amount equal to 50% . Thanking You sir
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