Guidance on Retrospective Input Tax Credit Adjustments Under CGST Act for Claims Since July 2017.
Circulars
GST – States
This trade circular clarifies issues regarding implementation of provisions related to input tax credit in sub-sections (5) and (6) of Section 16 of the CGST Act, 2017, inserted retrospectively from July 1, 2017. It provides guidance on various scenarios where demands were raised for wrong availment of input tax credit due to contravention of sub-section (4), but such
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