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non-banking financial institution
if a company gets converted to non-banking financial institution ,then, only 50% of ITC can be used. if suppose date of registration as NBFC is February and company has missed to avail ITC for January invoice then should it take 50% of ITC for missed inputs or can it take 100% of eligible ITC for January month ?
Replies (1)
you can book 100% itc . booking 50% itc is an option not compulsory.
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