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of <h1>Input Tax Credit Denied for Personal Use Under Section 17(5)(g) of CGST Act; Business Use Only Applies.</h1> Under Section 17(5)(g) of the CGST Act, Input Tax Credit (ITC) is not available for goods or services used for personal consumption. ITC is permitted only for the portion used in business activities. For example, if a business purchases 50 coolers and uses one for personal purposes, ITC is applicable only on 49 coolers. If the cooler used personally is later sold, ITC is allowed only for the business use portion, calculated using the common credit formula.
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