Are there any special provisions in respect of banking companies?
Question 25
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 25. Are there any special provisions in respect of banking companies?
\nAns. A banking company or a financial institution including a non-banking financial company engaged in supply of specified services would either avail proportionate credit or avail 50% of the eligible input tax credit.
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