13 May 2018
Section 16(1) of the CGST Act provides that a registered person shall be entitled to take Input tax credit of input tax charged on supply of goods and/or services which are used in the course of business.
However, Section 17(5) provides that ITC will not be available in respect of certain goods/ services such as motor vehicle, food and beverage, membership, rent-a-cab, etc.
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