Eligible ITC, Apportioned ITC & Blocked ITC under GST Act in India

Under the Goods and Services Tax (GST) Act in India, Input Tax Credit (ITC) is a mechanism through which taxpayers can claim credit for the tax they have paid on their inputs. However, not all ITC is eligible for claiming, and some ITC may be blocked or apportioned based on certain criteria.

Here are the three types of ITC under GST Act in India:

Eligible ITC: Eligible ITC is the credit that is available to the taxpayer for claiming under the GST Act. To be eligible, the ITC should meet the following criteria:

a. The ITC should have been paid on goods or services that are used or intended to be used in the course or furtherance of business.

Eligible Input Tax Credit (ITC) under GST Act, 2017 in India

Under the Goods and Services Tax (GST) Act, 2017 in India, Input Tax Credit (ITC) is a mechanism through which taxpayers can claim credit for the tax they have paid on their inputs. To be eligible for ITC under the GST Act, the following conditions must be met:

The goods or services should have been acquired for use or supply in the course or furtherance of business........

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