Daily Archives: October 9, 2017

Time Limit of 1 year for taking Input Tax Credit for Capital Goods : ICAI Suggestions

By | October 9, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 40. Time Limit of 1 year for taking Input Tax Credit for Capital Goods Section 18(1) of CGST Act, 2017 provides that subject to such conditions and restrictions as may be prescribed— (a) a person who has applied for registration under… Read More »

Category: GST

Disallowance of GST Credit in respect of works contract services : ICAI suggestions

By | October 9, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 37. Disallowance of Credit in respect of works contract services Clause c Section 17(5) of CGST Act provides that works contract services when supplied for construction of immovable property, other than plant and machinery, except where it is an input service… Read More »

Category: GST