https://www.taxtmi.com/article/detailed?id=17207 GST Input Tax Credit is available to registered persons for eligible inward supplies used or intended for business, subject to statutory conditions, prescribed documents, receipt of supplies, supplier compliance and return filing. Credit is restricted by blocked-credit rules, apportionment for exempt or non-business use, time limits and reversal requirements, including where supplier payment is delayed. Eligible ITC must be correctly classified and utilized according to statutory sequencing. Complete records, purchase-return reconciliations, supplier review and segregation of taxable, exempt and non-business supplies support compliance and reduce disputes. en-us Tue, 18 Aug 2026 08:36:03 +0530 Tue, 18 Aug 2026 08:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17207 GST Input Tax Credit is available to registered persons for eligible inward supplies used or intended for business, subject to statutory conditions, prescribed documents, receipt of supplies, supplier compliance and return filing. Credit is restricted by blocked-credit rules, apportionment for exempt or non-business use, time limits and reversal requirements, including where supplier payment is delayed. Eligible ITC must be correctly classified and utilized according to statutory sequencing. Complete records, purchase-return reconciliations, supplier review and segregation of taxable, exempt and non-business supplies support compliance and reduce disputes. Articles Goods and Services Tax - GST Tue, 18 Aug 2026 08:36:03 +0530 https://www.taxtmi.com/article/detailed?id=17207