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of <h1>Section 17 of Assam GST Act Limits Input Tax Credit for Mixed Use, Blocks Certain Goods and Services Credits</h1> Section 17 of the Assam Goods and Services Tax Act, 2017, addresses the apportionment of input tax credit and specifies blocked credits. It mandates that input tax credit is limited to the portion attributable to business purposes when goods or services are used for both business and non-business purposes. It also restricts credit for goods or services used for exempt supplies. Certain items, such as motor vehicles, food, beverages, club memberships, and construction services, are blocked from credit unless specific conditions are met. The section also outlines exceptions and provides guidelines for financial institutions regarding input tax credit.
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