ITC in GST 

Provisions for ITC in GST are covered by Chapter V of GST Model Law. This chapter contains the sections from 16 to 22. These sections covers the various topics related to ITC. 

Section 16: Eligibility and conditions for taking input tax credit.

Section 17: Apportionment of blocked credits

Section 18: Availability of credit in special circumstances.

Section 19: Recovery of Input tax credit and interest thereon.

Section 20: Taking input tax credit in respect of inputs sent for job work.

Section 21: Manner of distribution of credit by input service distributor.

Section 22: Manner of recovery of credit distributed in excess 

PPT on ITC in GST: 

Here the PPT is attached with the detail analysis of ITC provisions in GST. This PPT will cover the following provisions related to ITC in GST.

• Eligibility of ITC
• Apportionment of Credits
• Negative list of credits
• Availability of ITC in special cases
• ITC of inputs/CG sent for Job work
• Manner of credit distribution by ISD
• Manner of recovery of credit

This power point presentation will help in understanding the provisions of ITC credit in GST.