Input gst 50% scheme for nbfcs

Indirect Taxation

I have dounbt....as per the 50% scheme it is only possible to.claim the 50% of itc on services and capital goods brought..so the 50% will lapse as per rule 3 of itc.. My question is...is it possible to consider the lapsed portion in the cost of aquisition of goods

Jayakrishnan K J

CA Final

★ 25

08-May-22 21:23

697

Answers (2)

Yes. Since credit is not claimed

Shiva Teja

Faculty

09-May-22 11:20

Thanks sir

Thread Starter

Jayakrishnan K J

CA Final

★ 25

11-May-22 13:53