please clarify that NBFC opted for 50% input option under section 17(4) read with rule 38 of GST Act, can claim full input paid under reverse charge basis(RCM) or 50% rule also applies to RCM credit
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Input credit under rcm for nbfc which opted 50% input option
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I THINK YOU CAN CLAIM 50% CREDIT IN RCM AS THE ACT DID NOT PROVIDE ANY EXCEPTION
THE WORDINGS OF THE ACT WAS: an amuount eqaul to 50% of the eligible input tax credit on inputs,CG,input services in that month.
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