(Last Updated On: June 4, 2018)
Can the input tax credit of Krishi Kalyan Cess be carried forward?
No. It is not permitted in terms of section 140(1) of the CGST Act, 2017 read with Rule 117(1) of the CGST Rules, 2017.
Q 72 of GST FAQs on Financial Services Sector published by CBIC