Admissibility of input tax credit - inward supply of services by ...

Applicant Can Claim Proportional Input Tax Credit for License Fee Recovery on Leasing Services Under CGST Act.

March 6, 2024

Case Laws GST AAR

Admissibility of input tax credit - inward supply of services by way of License Fee Recovery (LFR) on leasing of pumps along with the equipment - The AAR concluded that the applicant, engaged in both taxable and exempt supplies, could only claim proportionate ITC based on taxable supplies. - The Authority ruled that the applicant could claim only proportionate ITC for leasing services based on taxable supplies, as per CGST Act provisions and rules.

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Admissibility of input tax credit - inward supply of services by ...

Applicant Can Claim Proportional Input Tax Credit for License Fee Recovery on Leasing Services Under CGST Act.

March 6, 2024

Case Laws GST AAR

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