Appellant cannot avoid reversal of input tax credit on mutual fund subscriptions and redemptions under section 17(3) deeming provision

Appellant cannot avoid reversal of input tax credit on mutual fund subscriptions and redemptions under section 17(3) deeming provisionCase-LawsGSTAAAR affirmed that the appellant is not entitled to avoid reversal of input tax credit (ITC) on common inputs

Appellant cannot avoid reversal of input tax credit on mutual fund subscriptions and redemptions under section 17(3) deeming provision
Case-Laws
GST
AAAR affirmed that the appellant is not entitled to avoid reversal of input tax credit (ITC) on common inputs and input services relating to mutual fund subscription and redemption, holding that the deeming provision in section 17(3) incorporates “transactions in securities” into the value of exempt supplies for ITC reversal. The authority

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =