Section 38: Claim of credit by a banking company or a financial institution

Q: What does Section 38 of The Central Goods and Services Tax Rules, 2017 (GST) deal with?

Section 38 GST pertains to "Claim of credit by a banking company or a financial institution". It is part of the The Central Goods and Services Tax Rules, 2017, a legislation enacted by the Parliament of India. Section 38 of The Central Goods and Services Tax Rules, 2017 (GST) governs claim of credit by a banking company or a financial institution. As verified on 22 May 2026.

Q: Is Section 38 GST still in force?

Yes, Section 38 of the The Central Goods and Services Tax Rules, 2017 is currently in force across the Republic of India.

Q: What is धारा 38 GST?

धारा 38 GST is the Devanagari Hindi reference for Section 38 of the The Central Goods and Services Tax Rules, 2017. Section 38 of The Central Goods and Services Tax Rules, 2017 (GST) governs claim of credit by a banking company or a financial institution. As verified on 22 May 2026.

Q: What is Dhara 38 GST?

Dhara 38 GST is the Roman Hindi reference for Section 38 of the The Central Goods and Services Tax Rules, 2017. "Dhara" means "Section" in Hindi. Section 38 of The Central Goods and Services Tax Rules, 2017 (GST) governs claim of credit by a banking company or a financial institution. As verified on 22 May 2026.

Q: How to cite Section 38 of The Central Goods and Services Tax Rules, 2017?

Cite as: "Section 38, The Central Goods and Services Tax Rules, 2017 (GST)" in legal briefs. For academic writing, use the BlueBook format: The Central Goods and Services Tax Rules, 2017, 2017, § 38 (India).

Law on Tips Editorial Board

- A banking company or a financial institution, including a non-banking financial company, engaged in the supply of services by way of accepting deposits or extending loans or advances that chooses not to comply with the provisions of sub-section (2) of section 17, in accordance with the option permitted under sub-section (4) of that section, shall follow the following procedure, namely,-