Input Tax Credit (ITC)

Chapters / List

1. Overview -Input Tax Credit Mechanism in GST

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2. Eligibility for taking Input Tax Credit (ITC) [Section 16(1) of CGST Act]

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3. Conditions for taking Input Tax Credit (ITC) [Section 16(2) of CGST Act]

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4. Condition for for taking Input Tax Credit (ITC) on Capital Goods [Section 16(3) of CGST Act]

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5. Time Limit for Claiming Input Tax Credit (ITC) [Section 16(4) of CGST Act]

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6. Condition of  Availment of ITC for the specified Financial year [ Section 16(5) of CGST Act ]

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7. Availment of Input tax Credit between the period of registration cancellation u/s 29 to revocation of registration u/s 30 [ Section 16(6) of CGST Act ]

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8. Apportionment of Input tax Credit (Section 17 of CGST Act)

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9. Block Credit - Motor Vehicle [section 17(5)(a),(aa),(ab) of CGST Act]

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10. Block credit - Use of services of Food, Catering, Vehicle Renting, Club, & Travel [Section 17(5)(b) of CGST Act]

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11. Block credit - Works contract services use construction of an immovable property (except plant & machinery) [section 17(5)(c)]

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12. Block Credit - Goods or Services or both received by a taxable person for construction of an immovable property (except plant or machinery) [Section 17(5)(d) of CGST Act]

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13. Block credit - Goods or Services or both on which tax has been paid under Composition Scheme [section 17(5)(e)]

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14. Block Credit - Goods or Services or both received by a non-resident taxable person except on goods imported by him [section 17(5)(f) & (fa)]

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15. Block Credit - Goods or services or both used for personal consumption [Section 17(5)(g)]

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16. Block Credit - Any tax paid in accordance with the provisions of sections 74 [section 17(5)(i)]

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17. Block Credit - Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples [section 17(5)(h)]

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18. Availability Input Tax Credit - in special circumstances [Section 18 (1) & (2) of CGST Act]

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19. Eligibility of ITC where there is a change in the constitution of a registration taxable person - [Section 18(3)]

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20. Reversal of credit under special circumstances [Section 18(4) & (5)]

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21. Supply of Capital goods on which ITC has been claimed earlier [Section 18(6) of CGST Act]

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22. Manner of Taking ITC in respect of goods transfer for Job Work & Job work procedure [ section 19 & 143 of CGST Act]

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23. Introduction - Manner of distribution & recovery of ITC by Input Service Distributor in GST [section 20 & 21 of CGST Act]

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24. Manner of distribution of credit by Input Service Distributor [ Section 20 of CGST Act read with Rule 39 ]

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25. Manner of recovery of credit distributed in excess [ Section 21 of CGST Act ]

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26. Rule 42 - Manner of determination of ITC in respect of input & input services and reversal thereof

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27. Rule 43 - Manner of determination of ITC in respect of Capital goods and reversal thereof in certain cases

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28. Exempt Supplies for Rule 42 & 43

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