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of <h1>Section 17 of Chhattisgarh GST Act: Input Tax Credit Rules, Blocked Credits, and Special Provisions for Financial Institutions</h1> Section 17 of the Chhattisgarh Goods and Services Tax Act, 2017, addresses the apportionment of input tax credit and blocked credits. It stipulates that input tax credit is limited to the portion attributable to business use or taxable supplies, including zero-rated supplies, while excluding exempt supplies. Special provisions apply to banking and financial institutions, allowing them to claim 50% of eligible input tax credit monthly. Certain items, such as motor vehicles, food, beverages, and construction services, are blocked from credit, with specific exceptions. The government may prescribe methods for attributing credit, and 'plant and machinery' is defined for relevant purposes.
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