Blocked ITC under GST Explained: 8 Expenses You Can’t Claim (Even If You Think You Should!)
What is Blocked ITC? In the world of GST, claiming Input Tax Credit (ITC) feels like a well-earned cashback. You pay tax on purchases, and the system lets you adjust it against your sales—fair deal, right? But then comes Section 17(5) of the CGST Act, with a giant “NO ENTRY” sign. This section lists down … Read more