ITC in GST Provisions for ITC in GST are covered by Chapter V of GST Model Law. This chapter contains the sections from 16 to 22. These sections covers the various topics related to ITC. Section 16: Eligibility and conditions for taking input tax credit.
ITC in GST
Provisions for ITC in GST are covered by Chapter V of GST Model Law. This chapter contains the sections from 16 to 22. These sections covers the various topics related to ITC.
Section 16: Eligibility and conditions for taking input tax credit.
Section 17: Apportionment of blocked credits
Section 18: Availability of credit in special circumstances.
Section 19: Recovery of Input tax credit and interest thereon.
Section 20: Taking input tax credit in respect of inputs sent for job work.
Section 21: Manner of distribution of credit by input service distributor.
Section 22: Manner of recovery of credit distributed in excess
PPT on ITC in GST:
Here the PPT is attached with the detail analysis of ITC provisions in GST. This PPT will cover the following provisions related to ITC in GST.
Eligibility of ITC
Apportionment of Credits
Negative list of credits
Availability of ITC in special cases
ITC of inputs/CG sent for Job work
Manner of credit distribution by ISD
Manner of recovery of credit
This power point presentation will help in understanding the provisions of ITC credit in GST.