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of <h1>Understanding Input Tax Credit Limits Under Section 17 of Jharkhand GST Act 2017: Business vs. Non-Business Use Explained</h1> Section 17 of the Jharkhand Goods and Services Tax Act, 2017, outlines the apportionment of input tax credit for registered persons using goods or services for both business and non-business purposes. Credit is limited to the portion attributable to business use. For taxable supplies, including zero-rated supplies, credit is restricted to the attributable input tax. Exempt supplies include reverse charge transactions, securities, and certain real estate sales. Financial institutions can opt for a fixed credit percentage. Certain items, such as motor vehicles, food, club memberships, and personal use goods, are blocked from credit. The government may prescribe credit attribution methods.
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