https://www.taxtmi.com/article/detailed?id=9356 Section 16 grants ITC subject to prescribed conditions and proper utilisation; disputes arise where ledger balances exist but returns/set offs were not filed, implicating interest under Section 50 and requirement of showcause notices before recovery. Section 16(2) preconditions (documentary evidence, receipt, actual payment, return filing), the 180 day reversal proviso, and the Section 16(4) time bar are discussed along with AARs on imports and reverse charge. Section 17 apportionment/reversal rules, blocked credits, Rule 36(4) restrictions, Rule 86A blocking powers, and litigation recognising ITC as a vested right are summarised. en-us Fri, 17 Jul 2020 08:18:23 +0530 Fri, 17 Jul 2020 08:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9356 Section 16 grants ITC subject to prescribed conditions and proper utilisation; disputes arise where ledger balances exist but returns/set offs were not filed, implicating interest under Section 50 and requirement of showcause notices before recovery. Section 16(2) preconditions (documentary evidence, receipt, actual payment, return filing), the 180 day reversal proviso, and the Section 16(4) time bar are discussed along with AARs on imports and reverse charge. Section 17 apportionment/reversal rules, blocked credits, Rule 36(4) restrictions, Rule 86A blocking powers, and litigation recognising ITC as a vested right are summarised. Articles Goods and Services Tax - GST Fri, 17 Jul 2020 08:18:23 +0530 https://www.taxtmi.com/article/detailed?id=9356