ITC Claim
References
ITC Ineligibility
This section describes the various sections and rules pertaining to ineligibility of ITC claims.
| Law | Nature | Description |
|---|---|---|
| CGST Rule 38 | Permanent | Reversal of credit by a banking company or a financial institution |
| CGST Rule 42 | Permanent | Goods or services: Used for personal consumption or used to provide exempt supply |
| CSGT Rule 43 | Permanent | Capital goods or services: Used for personal consumption or used to provide exempt supply |
| CGST Act Section 16(4) | Permanent | On account of limitation of time period on claiming ITC |
| PoS mismatch Rule | Permanent | State of recipient of an intra-state supply is different than place of supply |
| CGST Act Section 17(5) | Permanent | Block list for ITC claim |
| CGST Rule 37 | Reclaimable | Non-payment of consideration to supplier within 180 days |
| CGST Act Section 16(2)(a) | Reclaimable | Not having valid tax invoice |
| CGST Act Section 16(2)(b) | Reclaimable | Goods or service not yet received |
| CGST Act Section 16(2)(c) | Reclaimable | Tax has not been paid to the government |