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Is a Co operative society can take the benefits of Section 17(4) of the CGST Act
Is a Co operative society (accepting deposits and giving loans to its members) can consider as a financial institution and can avail the benefit of 50% ITC as per Section 17(4) of CGST Act.
Replies (2)
For society there is a option to claim input as per sec 17 or rule 38 I.e 50% once opted in tax period cannot be changed in same tax periof
For co operative society if the benefit of 50% is once opted cannot be changed as per sec 17(4) of CGST Act
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