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Chapter 5: Input Tax Credit

ITC eligibility, blocked credits, and utilization - critical for tax planning

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Section 16: Eligibility and conditions for ITC

When can ITC be claimed

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Section 17: Apportionment and blocked credits

What ITC is NOT available

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Section 18: ITC in special circumstances

ITC on registration, switching schemes

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Section 19: ITC on inputs sent for job work

Job work ITC provisions

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Section 20: Input Service Distributor

Distribution of ITC by ISD

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Section 21: Manner of recovery of excess credit

Recovery of wrongly taken ITC

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