Apportionment of Credit and Blocked Credit

Last updated: 13 June 2020

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This document details the apportionment of Input Tax Credit (ITC) under Sections 17(1), 17(2), and 17(3) of the CGST Act, 2017, explaining how to allocate credit for business, non-business, taxable, and exempt supplies. It also covers the crucial aspects of 'Blocked Credit' as per Section 17(5), outlining specific goods and services for which ITC is not permissible, with practical examples and explanations of relevant rules like 42 and 43. This guide is invaluable for registered persons seeking to accurately claim and manage their ITC.

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Submitted by Jigar Rajendrabhai Mansatta · Posted 13 June 2020 · Other files by Jigar Rajendrabhai Mansatta · Report

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