Claim of credit by a banking company or a financial institution
Rule 3
Bill
Input Tax Credit
GST – Input Tax Credit – Final Draft Rules 18-5-2017
3. Claim of credit by a banking company or a financial institution
A banking company or a financial institution, including a non-banking financial company, engaged in supply of services by way of accepting deposits or extending loans or advances that chooses not to comply with the provisions of sub-section (2) of section 17, in accordance with the option permitted under sub-section (4) of that section, shall follow the procedure specified below –
(a) the said company or institution shall not avail the credit of,-
(i) tax paid on inputs and input services that are used for non-
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