Скачать или смотреть 📘 Blocked Input Tax Credit under GST | Section 17(5) Simplified | Lokesh Jain

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💡Why Your GST Input Tax Credit May Get Blocked | Section 17(5) Simplified

🧾Many taxpayers unknowingly lose Input Tax Credit (ITC) benefits because of Section 17(5) of the CGST Act, commonly known as the Blocked Credit section.
In this video/article, we simplify which ITC cannot be claimed, with clear examples and practical insights for business owners, accountants, and GST professionals.

📊 What You’ll Learn:
🧾 What is Blocked Input Tax Credit under Section 17(5)?
🚫 Goods and services on which ITC is restricted —
  • Motor vehicles for personal use
  • Food, beverages, and outdoor catering
  • Memberships of clubs, health & fitness centres
  • Works contract and construction of immovable property
  • Goods/services used for personal consumption
💼 Real-life examples for better understanding
⚖️ Practical interpretation with Rule 42 & 43 connection
📚 How to avoid common ITC claim mistakes

✅ Understand the logic behind blocked credits
✅ Learn how to differentiate eligible vs ineligible ITC
✅ Ensure GST compliance and reduce risk during audits

⚖️ Disclaimer: This content is for educational and informational purposes only. It does not constitute legal, financial, or tax advice.

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