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Where the registered taxable person has claimed depreciation on the tax component of the cost of capital goods under the provisions of the Income Tax Act 1961 will ITC be allowed in such cases?

Question 24 - Draft-Bills-Reports - Input Tax Credit - Goods and Services Tax - Question 24 - Q 24. Ans. As per section 16(10) of the MGL, the input tax credit shall not be allowed on the said tax com .....

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