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Apportionment of credit and blocked credits

Section 17 - Draft-Bills-Reports - INPUT TAX CREDIT - Goods and Services Tax - Section 17 - 17. (1) Where the goods and/or services are used by the registered taxable person partly for the purpose of any business and partly for other purposes, the am .....

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ted supplies under this Act or under the IGST Act, 2016 and partly for effecting exempt supplies under the said Acts, the amount of credit shall be restricted to so much of the input tax as is attributable to the said taxable supplies including zero- .....

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tion including a non-banking financial 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 sub-section (2), or avail of, every month, an amount .....

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nything contained in sub-section (1) of section 16 and subsection (1), (2), (3) and (4) of section 18, input tax credit shall not be available in respect of the following: (a) motor vehicles and other conveyances except when they are used (i) for mak .....

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oods. (b) supply of goods and services, namely, (i) food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery except where such inward supply of goods or services of a particular category is used by a regis .....

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vices which are obligatory for an employer to provide to its employees under any law for the time being in force; and (iv) travel benefits extended to employees on vacation such as leave or home travel concession. (c) works contract services when sup .....

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ty on his own account, other than plant and machinery, even when used in course or furtherance of business; Explanation 1.- For the purpose of this clause, the word construction includes re-construction, renovation, additions or alterations or repair .....

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