Sumit Upadhyay
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What is eligible ITC and ineligible ITC?

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What is eligible ITC and ineligible ITC?
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  1. Input Tax Credit, ITC towards business purposes are held eligible ITC and those used for purposes other than business are not able to claim the ITC except blocked credit, which is separately provided specifically.
    Section 17(5) of the Central GST Act 2017, decalres an entire class of cases where for certain goods & services, the ITC remains blocked. Such Input Tax Credit is held ineligible or blocked credits under the GST.

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