Practitioner’s Guide to Input Tax Credit under GST

This book decodes the provisions on ITC under the GST law by providing a comprehensive analysis of sections on ITC under the CGST Act, 2017 along with the related CGST Rules. A step by step explanation approach has been adopted by breaking down the complete legal provision into small topics and a lucid understanding has been provided thereon. The book is intended for use by professionals, students and other academicians who wish to gain a practical understanding of the ITC concept under GST.

Key Features:
Covers insight into all the key concepts of ITC under GST
Provides in-depth understanding of the provisions related to ITC under the CGST Act, 2017 and related Rules

Detailed discussion on:

Who can claim ITC and when can ITC be claimed
What is eligible and what not eligible for ITC
Requisite documentation for a valid claim of ITC
Interest obligation on wrong claim of ITC.

Incorporates detailed discussion on the mechanism of matching/reversal/reclaim of ITC
Complete coverage of relevant CBEC GST circulars, notifications and FAQ's issued till date
Analysis of the input service distributor under GST.