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Input Tax Credit under GST

Section -18 : Availability of credit in Special Circumstances : Part-1

Availability of credit in special circumstances Sub Section 1 of Section 18: Subject to such conditions and restrictions as may be prescribed- (a) A person who has applied for...

Part-2 : Apportionment of credit and blocked credits under GST

Section 17 of the Central Goods and Services Tax Act, 2017 is provides about 'Apportionment of credit and blocked credits'. There are two situation where we need to apportion credit in...

Part-1: Input Tax Credit under GST

Introduction Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax Credit...

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