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of <h1>Understanding Input Tax Credit Eligibility Under Section 18(1) & (2) of CGST Act for Special Circumstances</h1> The provisions for claiming Input Tax Credit (ITC) under special circumstances as per Section 18(1) and (2) of the CGST Act. It details eligibility for ITC when a person applies for mandatory or voluntary registration, switches from a composition scheme, or when exempt supplies become taxable. ITC is subject to specific conditions, including a reduction of 5% per quarter for capital goods. Claims must be made within one year of the invoice date, and declarations must be filed electronically within 30 days of eligibility. Examples illustrate ITC calculations in various scenarios, emphasizing compliance with prescribed rules.
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