Chapter 05 – Input Tax Credit
Section 16 : Eligibility and conditions for taking input tax credit – Input Tax...
16. Eligibility and conditions for taking input tax credit (1) Every registered taxable person shall, subject to such conditions and restrictions as may be prescribed...
Section 17 : Apportionment of credit and blocked credits – Input Tax Credit
17. Apportionment of credit and blocked credits (1) Where the goods and/or services are used by the registered taxable person partly for the purpose of...
Section 18 : Availability of credit in special circumstances – Input Tax Credit
18. Availability of credit in special circumstances (1) A person who has applied for registration under the Act within thirty days from the date on...
Section 19 : Recovery of Input Tax Credit and Interest thereon – Input Tax...
19. Recovery of Input Tax Credit and Interest thereon Where credit has been taken wrongly, the same shall be recovered from the registered taxable person...
Section 20 : Taking input tax credit in respect of inputs sent for job...
20. Taking input tax credit in respect of inputs sent for job work (1) The “principal” referred to in section 55 shall, subject to such...
