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* Section 17. Apportionment of credit and blocked credits.- (1) Where the goods or services or both are used by the registered person partly for the purpose of any business and partly for other purposes, the amount of credit shall be restricted to so much of the input tax as is attributable to the purposes of his business.
(17) ―business‖ includes –– (a) any trade, commerce, manufacture, profession, vocation, adventure, wager or any other similar activity, whether or not it is for a pecuniary benefit;
28 mar 2024 · Amended and updated notes on section 17 of CGST Act, 2017. Detail discussion on provisions and rules related to apportionment of credit and blocked credits. Chapter V (Sections 16 – 21) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to input tax credit.
1 sie 2024 · Section 10 puts a condition that a composition taxpayer cannot claim ITC on GST paid on purchases as they pay tax on their quarterly turnover. Accordingly, Section 17(5) of CGST Act states that ITC is not available for composition taxable persons, whether or not supplying goods or services.
section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, prior to the appointed day,
An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto. Ministry:
Section 10. Place of supply of goods other than supply of goods imported into, or exported from India.
