Practical FAQs on Input Tax Credit by ICAI
Recently the Indirect Tax Committee of the Institute of Chartered Accountants of India [ICAI] has released a compilation of Practical FAQs on Input Tax Credit. 279 FAQs on various practical situations related to Input Tax Credit [ITC] under GST is covered in the compilation.
The Topics covered in brief are:
a. Eligibility and Conditions for taking ITC
b. Apportionment of ITC and Blocked ITC
c. ITC in Special Circumstances
d. ITC and Job Work
e. Distribution of ITC by Input Service Distributor
f. Miscellaneous issues related to ITC.
The Compilation can be downloaded from below mentioned link: