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of <h1>Input Tax Credit Under Orissa GST Act 2017: Apportionment, Blocked Credits, and Special Rules for Financial Institutions</h1> Under the Orissa Goods and Services Tax Act, 2017, input tax credit is apportioned based on the use of goods or services for business versus non-business purposes. Credit is limited to taxable supplies, including zero-rated supplies, and excludes exempt supplies. Banking and financial institutions can opt for a simplified credit system. Certain credits are blocked, such as those for motor vehicles, food and beverages, club memberships, and construction services, unless specific conditions are met. Credits are also unavailable for personal consumption, non-resident taxable persons (except imports), and goods lost or disposed of. The government may prescribe rules for credit attribution.
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