Special provisions in respect of banking companie :
Are there any special provisions in respect of banking companies ?
Ans. 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.
Latest posts by Rishi Banshal (see all)
- Fate of any appeal or revision relating to a claim of CENVAT/ITC on VAT which is pending under the existing law - April 29, 2017
- The fate of pending refund of tax/interest under the existing law - April 29, 2017
- The time limit for issue of debit/credit note(s) for revision of prices - April 29, 2017