TMI BlogInput Tax Credit (ITC) - If the facility provided by a taxpayer for transportation of employees is not...Input Tax Credit (ITC) - If the facility provided by a taxpayer for transportation of employees is not obligator under any law, for the time being in force then no ITC will be available to such a taxpayer. The applicant will however be eligible to claim ITC for the service supplied at 12% GST Rate if the conditions laid down in the second proviso to section 17 (5)(b) are satisfied. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
