Скачать или смотреть GST Input Tax Credit Rules | Section16(1), Rule 36, 37, 39, Eligible vs Ineligible ITC | Lokesh Jain

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🧾Getting Input Tax Credit (ITC) right is one of the most critical aspects of GST compliance in India. Yet, many taxpayers face ITC mismatches, reversals, or disallowances simply due to a lack of clarity on rules.

In this detailed guide, we decode the core ITC provisions —
✅ Section 16(1): Conditions to claim ITC (invoice, payment, return filing).
✅ Rule 36: ITC allowed only if invoice appears in GSTR-2B.
✅ Rule 37: Reverse ITC if supplier not paid within 180 days.
✅ Rule 39: ITC distribution by Input Service Distributor (ISD).
✅ ITC Available but Not Availed: Can claim till next year’s September return.
✅ ITC Available but Ineligible: Blocked under Section 17(5) (vehicles, food, personal use, etc.).

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

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