GST Input Tax Credit Restrictions

GST Input Tax Credit Restrictions

It is been said that, under the GST, credit would flow smoothly throughout the supply chain – meaning all taxes paid on inputs would be available as credit – and that would diminish tax costs. But that may not be entirely true. The Model GST Law aka MGL, prescribes various restrictions on input tax credit, and there is a lot less being said about them. Let us go through all… Read More »GST Input Tax Credit Restrictions