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of <h1>Understanding Input Tax Credit Limits Under Section 17 of West Bengal GST Act 2017: Business Use and Exemptions Explained</h1> Section 17 of the West Bengal Goods and Services Tax Act, 2017, outlines the rules for apportioning input tax credit. It specifies that credit is limited to the portion used for business purposes or taxable supplies, including zero-rated supplies. The section also details exemptions, such as motor vehicles, food and beverages, and services like rent-a-cab, unless used for specific taxable supplies. Financial institutions have options for credit calculation. Credit is unavailable for personal use, goods lost or given as gifts, and certain construction services. The government may prescribe methods for attributing credit, with specific exclusions for plant and machinery.
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