Input Tax Credit in GST

Input Tax Credit
All other ITC:
Any other credit as may be applicable and not mentioned above. ITC related to the pre-GST tax period will not
be allowed to be set off against tax liability shown in GSTR 3B for the month of July and August 2017.
ITC reversed:
•As per rules 42 & 43 of CGST Rules:
Reversal of ITC is required in case of exempt supplies or non-business purpose use in respect of inputs/input
services (Rule 42) and capital goods (Rule 43)
•All other ITC: Any other credit as may be applicable and not mentioned above.
Ineligible ITC
•As per section 17(5) : Negative List of ITC,
For Example Amount paid for Membership of a club, health & fitness Centre is included in the negative list
and cannot be claimed
•Others: Any other credit that may be ineligible.

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