Ch 2 · GST — Input Tax Credit (Advanced)

5 concept points · 3 formulas · 4 exam-critical points.

📘 Core concepts

• 1ITC eligibility (Sec 16): documents, receipt of supply, supplier paid tax, return filed.
• 2Sec 17(5) Blocked credits — motor vehicles (with exceptions), food/club/health, works contract, plant & machinery exception.
• 3Apportionment (Sec 17(2)+ Rule 42/43) — exempt vs taxable, business vs personal.
• 4Sec 18 — Special circumstances (new registration, switch composition→regular, exempt→taxable).
• 5Job work (Sec 19, 143) — credit allowed if inputs/CG returned within 1 yr / 3 yrs.