AAR: Rules on apportionment of credit in case of Banking company accepting deposits from customers

Bihar AAR holds that for claiming credit of GST paid, applicant (regional rural bank) engaged in the supply of services by way of accepting deposits or extending loans or advances  shall have the option to either comply with the provisions of section 17(2), or avail of, every month, an amount equal to 50% of the eligible input tax credit on inputs, capital goods and Input services in that month to be furnished in GSTR-2; Notes that, Applicant is statutorily required to p...