TP Input Tax Credit under GST By CA Satyadev Purohit 1st Edition Dec 2025

TP Input Tax Credit under GST By CA Satyadev Purohit 1st Edition Dec 2025

TP Input Tax Credit under GST By CA Satyadev Purohit 1st Edition Dec 2025

The Book comprises as many as 45 chapters covering the entire gamut of law and practice relating to taking, utilization and refund of input tax credit under the GST regime. The provisions relating to blocked credit under section 17 are discussed under the separate chapters. The law and procedure relating to refund of ITC under Inverted Duty Structure and refund of ITC in case of zero rated supply is also discussed in the separate chapters. The full text of the relevant Circulars and clarifications is appended in the Appendix to each chapter. At the end of the Book, the full text of the relevant Statutory Provisions, Rules, FAQs and Forms relating to Input Tax Credit have been reproduced in Appendix for instant reference of the readers.

Chapter 45 of the Book contains draft replies of some contemporary and real life GST Show Cause Notices related to wrong or excess availment of input tax credit.

The text is updated in the wake of the amendment made by the Finance Act, 2025 and the CGST Amendment Rules issued till date. The text is also enriched with the ratio of important and noteworthy rulings pronounced by the Advance Ruling Authorities and decisions of the High Courts rendered on the various issued relating to Input Tax Credit. 

Content of the Book – 

• Important Definitions
• Allowability of Input Tax Credit
• Reversal of ITC Upon Non-Payment of Consideration Within 180 Days
• Payment of ITC in case of Cancellation of Registration
• Form GSTR-2A/2B Vis-a-Vis Input Tax Credit
• Maximum Time Limit for Claiming Input Tax Credit
• Electronic Credit Ledger
• Blocking of Electronic Credit Ledger
• Goods and Services Not Eligible for ITC
• ITC on Motor Vehicles and Conveyances
• ITC on Vessels and Aircrafts
• ITC on Works Contract and Construction Services
• Treatment of ITC in Case of Discount from Taxable Value
• Reversal of ITC in Case of Goods Lost, Stolen, Destroyed, Written Off or Disposed of by way of Gift
• Blocked ITC under Section 17(1)
• Blocked ITC under Section 17(2)
• Input Tax Credit in case of Taking Registration Under Section 22 or 24
• Input Tax Credit in case of Taking New Registration Under Section 23
• Input Tax Credit in case of Switching Over from Composition Levy to Normal Levy
• Input Tax Credit in Case of Exempt Supply Becoming Taxable Supply
• Input Tax Credit in case of Switching Over From Normal Levy to Composition Levy or Goods or Services or Both Becoming Exempt
• Supply of Capital Goods or Plant and Machinery on which Input Tax Credit was Taken — Consequences of
• Allowability of Input Tax Credit to a Banking Company or a Financial Institution
• Transfer of ITC in Certain Cases
• Transfer of ITC in case of Death of Proprietor
• Input Tax Credit Vis-a-Vis Job Work
• Distribution of Input Tax Credit
• Refund of ITC under Inverted Duty Structure
• Refund of ITC in Case of Zero Rated Supply
• Refund of Tax Paid on Inward Supplies of Goods Received by Canteen Stores Department
• Procedures Relating to Refund
• Scrutiny of Returns Vis-a-Vis Wrong/Ineligible Availment of ITC
• Procedure for Dealing with Difference in ITC as per GSTR-2A and GSTR-3B
• Interest on Wrong Availment of ITC
• Penalties for Wrong Availment of ITC
• Offences and Prosecurtion Vis-a-vis Wrong Availment of ITC
• Recovery of ITC Wrongly Availed of or Utilised
• General Provisions Relating to Determination of Tax
• Transitional Credit to Registered Persons
• Transitional Credit in Other Cases
• Concessional Rates of Tax for Certain Taxable Services Vis-a-Vis Input Tax Credit
• GST Returns and Input Tax Credit
• Furnishing ITC Details in Annual Return
• Draft Replies to Show Cause Notices Relating to Wrong/Excess Claim of ITC
• Appendix