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GST: Input Tax Credit Limit on Existing Stocks Raised to Support Transition Period Sales - (05 Jun 2017)

GST Council has decided to increase limit on input tax credit to 60% from earlier proposed 40% on items with excise rates above 18%, bringing some respite on sale of inventories stocked up before the implementation of new tax regime on July 1.

Tags : GST COUNCIL   INPUT TAX CREDIT  

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