Input Tax Credit Refund Restriction on Certain Services

Central Government restricts input tax credit refund for specific services under GST Act. No refund allowed for unutilized input tax credit concerning services listed in Schedule II.

Clause (xiii) of section 20 and sub-section (3) of section 54 are invoked. Applies to services specified in sub-item (b) of item 5 of Schedule II.

Effective from July 1, 2017, to streamline tax credit utilization. Aimed at ensuring efficient tax administration and compliance.

Implemented based on recommendations from the Council.