GST Ineligible Input Tax Credit u/s 17(5) 📄

A Detailed Explanation about Ineligible Input Tax Credit under Section 17(5) of GST. This video will help you gain a better understanding about Input Tax Credit along with Section 17(5) and the Blocked Credits under GST.
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Here’s what you will gain from this video:
If you are a manufacturer, wholesaler, supplier, agent, e-commerce operator registered under the GST, then you are eligible to claim the input tax credit for tax paid on your purchases. However, Chapter V of CGST Rules which talks about Input tax credit contains section 17(5) having a comprehensive list of supplies on which Input tax credit is blocked.
Therefore, in this video, we explain Ineligible Input Tax Credit under Section 17(5) of GST and everything you need to know about it. This video will help you understand the Blocked Credits under GST as well as the Laws regarding Input Tax Credit. Also, you will gain a clear overview about the Supplies on which ITC is not applicable along with the Documents and Conditions for claiming Input Tax Credit under GST.

Section 17(5) – Blocked Credits under GST:
https://www.hrblock.in/gst/section-17-5-gst

GST TRAN - 1 - GST.gov.in:
https://tutorial.gst.gov.in/userguide/returns/GST_TRAN_-_1_Manual.htm

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