“Input Tax Credit” in GST
GST Return Filing: Types, Due Dates & Step-by-Step Process (FY 2025-26)
Complete guide to GST return filing for FY 2025-26. Types of GST returns (GSTR-1, GSTR-3B, GSTR-9), monthly and quarterly due dates, QRMP scheme, late fee, and step-by-step filing process on GST portal.
Section 16 CGST Act 2017 — ITC Eligibility (The 4 Conditions + GSTR-2B Matching)
Section 16 ITC eligibility. Complete guide under GST law. Updated March 2026.
GST Input Tax Credit: Conditions, Restrictions, Reversal and ITC Rules 2025
Input Tax Credit (ITC) under GST allows setting off GST paid on inputs against output tax liability. Learn the conditions under Section 16, blocked credits under Section 17(5), GSTR-2B matching, and reversal rules.
GST Registration: Process, Documents, Limit & Online Application (2025-26)
GST registration guide 2025-26: Ôé╣40L limit for goods, Ôé╣20L for services. Who must register, online application on GST portal, documents and GSTIN certificate explained.
GST on Imports: Basic Customs Duty, IGST and Compensation Cess on Imports
Imports into India attract Basic Customs Duty (BCD) plus IGST and Compensation Cess. Learn about the import GST structure, ITC on import IGST, and special valuation rules for computing import duties.
Section 10 CGST Act 2017 — Composition Scheme (1% Tax, Simplified Compliance)
Section 10 composition scheme. Complete guide under GST law. Updated March 2026.
GST Invoice: Format, Mandatory Fields, Rules & How to Create (2025-26)
Complete guide to GST invoice for FY 2025-26. Mandatory fields in a GST tax invoice, invoice format, time limit to issue, e-invoicing applicability, Bill of Supply for exempt goods, and free GST invoice formats.
GST Rate Chart 2025-26: Complete List of GST Rates on Goods & Services
Complete GST rate chart for FY 2025-26. GST rates on goods (0%, 5%, 12%, 18%, 28%) and services including latest changes. Covers food, pharma, electronics, construction, healthcare, education and more.
GST on Real Estate: Tax on Under-Construction Flats, REITs and Joint Development
GST on real estate applies to under-construction flats: 5% (regular residential) and 1% (affordable housing). Completed/ready-to-register properties have no GST. Learn about GST in JDA, REITs, and commercial property.
Goods and Services Tax (GST): Complete Overview of India GST Framework
GST (Goods and Services Tax) replaced 17 central and state taxes in India on 1 July 2017. Learn about CGST, SGST, IGST, the dual GST structure, rates, registration, and ITC mechanism.
Section 18 of IGST Act 2017 — Transfer of Input Tax Credit
Section 18 of the IGST Act governs the transfer of funds that follows when input tax credit is cross-utilised — for example when IGST credit is used to pay CGST or SGST, the corresponding amount is transferred between the central and State tax accounts.
Section 5 of IGST Act 2017 — Levy and collection
Section 5 is the charging section of IGST — it levies integrated tax on all inter-State supplies and on imports, provides for reverse charge and e-commerce, caps the rate at 40%, and collects IGST on imported goods under the Customs Tariff Act.
Section 21 of IGST Act 2017 — Import of Services Made On or After the Appointed Day
Section 21 of the IGST Act makes the import of services on or after 1 July 2017 liable to IGST even where part of the consideration was paid before that date, generally under the reverse charge mechanism, so services consumed under GST are taxed under GST.
Section 20 of IGST Act 2017 — Application of Provisions of the Central Goods and Services Tax Act
Section 20 of the IGST Act applies a wide range of CGST Act provisions — registration, input tax credit, returns, assessment, offences and more — to integrated tax mutatis mutandis, and provides that penalties under the IGST Act equal the sum of the CGST and SGST penalties.
Section 16 of IGST Act 2017 — Zero Rated Supply
Section 16 of the IGST Act treats exports of goods and services and supplies to SEZ developers or units as zero-rated. Suppliers can either export under a LUT or bond without paying IGST and claim refund of unutilised ITC, or pay IGST and claim a refund of the tax paid.
Section 14 of IGST Act 2017 — Special Provision for Payment of Tax by a Supplier of OIDAR Services
Section 14 of the IGST Act requires an overseas supplier of Online Information and Database Access or Retrieval (OIDAR) services to a non-taxable online recipient in India to register in India and pay IGST on such supplies, with a simplified registration through Form GST REG-10.
Section 6 of IGST Act 2017 — Power to grant exemption from tax
Section 6 lets the Government, on the GST Council's recommendation, exempt goods or services from IGST — wholly or partly, generally or by special order — in the public interest.
Section 49B of CGST Act 2017 — Order of Utilisation of Input Tax Credit
Section 49B empowers the Government to prescribe, by rules, the order and manner in which input tax credit of IGST, CGST and SGST/UTGST is to be utilised. Rule 88A operationalises this: IGST first, then CGST and SGST in any order.
Section 141 of CGST Act 2017 — Transitional Provisions Relating to Job Work
Section 141 of the CGST Act, 2017 provided that inputs, semi-finished and finished goods lying with a job worker on the appointed day would attract no GST if returned to the principal within six months, extendable by a further two months.
Section 143 of CGST Act 2017 — Job work procedure
Section 143 lets a registered principal send inputs or capital goods to a job worker without paying GST, provided the goods return within one year (inputs) or three years (capital goods), failing which the despatch is treated as a taxable supply.
Section 147 of CGST Act 2017 — Deemed exports
Section 147 lets the Government notify certain supplies of goods as "deemed exports" — the goods do not leave India and payment is received in Indian rupees or convertible forex — such as supplies to EOUs and against Advance Authorisation, with refund of tax available.
Section 149 of CGST Act 2017 — Goods and services tax compliance rating
Section 149 provides for a GST compliance rating score for every registered person, based on how well they meet their obligations, determined on prescribed parameters and made public in the prescribed manner.
Section 74A of CGST Act 2017 — Determination of Tax Not Paid, Short Paid, Erroneously Refunded or ITC Wrongly Availed
Section 74A is the single common demand provision applicable from FY 2024-25, merging the erstwhile Sections 73 and 74 with a uniform 42-month limitation and a graded penalty structure.
Section 19 of CGST Act 2017 — Taking Input Tax Credit in Respect of Inputs and Capital Goods Sent for Job Work
Section 19 of the CGST Act lets a principal claim input tax credit on inputs and capital goods sent for job work, even if sent directly to the job worker. Inputs must return within 1 year and capital goods within 3 years, else it is deemed a supply.