GST : Amendments to Notification No.11/2017-Central Tax Rate in Sr. 8 & 10 as if the supplier of an input service charges central tax at a rate higher than 2.5%, the credit of input tax charged on the input service in the same line of business in excess of the tax paid or payable at the rate of 2.5% will not be allowed. This amendment impacts the calculation of input tax credit in these scenarios. (21/10/2023)

GST:

• Amendments to Notification No.11/2017-Central Tax Rate in Sr. 8 & 10 as if the supplier of an input service charges central tax at a rate higher than 2.5%, the credit of input tax charged on the input service in the same line of business in excess of the tax paid or payable at the rate of 2.5% will not be allowed. This amendment impacts the calculation of input tax credit in these scenarios. [Notification No. 12/2023-Central Tax (Rate) Dated: 19th October 2023]