CV

Indirect Tax Laws

Ch 2 · GST — Input Tax Credit (Advanced)

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

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Concept
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Chart Summary
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Formula Sheet
Important Points

🗺️ Chart summary

ITC Decision Flow
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   Eligible expense? -- check Sec 17(5)
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   Used for taxable supply only? -- if mixed, apportion
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   Documents + Supplier paid + Return filed?
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   ITC available -> Cr to Electronic Credit Ledger

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