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of <h1>Section 17 of Puducherry GST Act 2017: Rules on Input Tax Credit Apportionment and Blocked Credits Explained</h1> Section 17 of the Puducherry Goods and Services Tax Act, 2017, addresses the apportionment of input tax credit and blocked credits. It specifies that credit is limited to the portion of input tax attributable to business purposes or taxable supplies, including zero-rated supplies. It outlines conditions under which input tax credit is unavailable, such as for certain motor vehicles, personal consumption, and specific services like food and beverages unless used for taxable supplies. Financial institutions have an option for a fixed credit percentage. The section also provides definitions and exclusions, such as for plant and machinery, and allows the government to prescribe credit attribution methods.
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