In continuation with the several relief measures announced by Smt. Niramla Sitharaman [Union Finance & Corporate Affairs Minister] in view of COVID-19 outbreak. Now, the Central Board of Indirect Taxes and Customs vide Notification No. 30/2020 has temporarily lifted the restriction of availing the input tax credit upto 10 per cent (for February to August period) as imposed on the assesses.
Please click here for Note on temporarily restriction lifted by the Government for availing the input tax credit.
Srinivas Kotni
Managing Partner
Lexport
