COMPLIANCE (COMPLICATIONS) UNDER SECTION 16(2)(D) OF CGST ACT, 2017
Input Tax Credit (ITC) under GST is the GST credit paid and subsequently availed by taxpayers to be setoff against their GST payable. However, not all ITC is available to a taxpayer. Some ITC is ineligible for claim
from the time it’s incurred by the taxpayer while other ITC become ineligible after availment by way of reversal by the taxpayer.