Input Tax Credit - financial institution or not - option ...

Co-operative Society Classified as Financial Institution; Affects Input Tax Credit Eligibility under CGST Act Section 17(4.

August 22, 2020

Case Laws GST AAR

Input Tax Credit - financial institution or not - option provided u/s 17(4) - the applicant being a Co-operative Society registered with the Central Registrar of Co-operative Societies carrying on the business of financing whether by means of making loans or advances or otherwise, of any activity other than its own qualifies to be a “financial institution” as per the Reserve Bank of India Act, 1934 and consequently also under the CGST Act, 2017. - AAR

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Input Tax Credit - financial institution or not - option ...

Co-operative Society Classified as Financial Institution; Affects Input Tax Credit Eligibility under CGST Act Section 17(4.

August 22, 2020

Case Laws GST AAR

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