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What ITC actually is, which purchases qualify, and the three most common reasons businesses lose credit they were entitled to claim.
GST is a value-added tax — you only pay tax on the value you add. ITC is how that gets implemented: tax paid on inputs offsets tax collected on outputs.
Goods and services used 'in the course of business' generally qualify. Blocked credits include most employee welfare expenses, motor vehicles for non-transport use, and construction of immovable property.
The single biggest cause is a mismatch between what your supplier reported and what shows up in your GSTR-2B — if they haven't filed, your credit doesn't appear, even if you paid them correctly.
From eligibility check to ARN to GSTIN — the complete registration process on the GST portal.
Lower tax rate, simpler returns, no input credit. The trade-off explained with the actual turnover and business-type eligibility limits.
Every section of the GSTR-3B summary return explained as you'd actually fill it in.