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ITC Claim for a Co operative financial institution ( Agricultural Co operative Society)

ITC / Input 248 views 1 replies

Can a co operative financial institution opt for 50% ITC Claim on banking services and 100% claim on doing activities of sales and purchase of pesticides, fertilizers and other taxable supplies..

Its a Agricultural co operative society extending banking services to its members and also it sells mainly pesticides, fertilizers to farmers and collects GST.

Replies (1)
Option to opt for 50% applies to banks and nbfc and not co-operative society


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