GST Input Tax Credit
15th Edition | 2025 | By V.S. Datey
Updated by the Finance Act, 2025

Widely regarded as an authoritative and exhaustive treatise, GST Input Tax Credit by V.S. Datey continues to be the definitive guide on ITC under the Goods and Services Tax regime. This updated 15th edition comprehensively incorporates all statutory amendments, judicial rulings, and departmental clarifications up to 1st April 2025, making it an indispensable resource for tax professionals, businesses, regulators, and scholars.

Key Highlights:

• Comprehensive ITC Coverage:
  A 360° treatment of ITC — from foundational GST principles to complex issues such as blocked credits, partial credits, refunds, and cross-utilisation across tax heads.

• Legislative & Practical Clarity:
  Systematically organised chapters demystify complicated provisions using illustrations, case laws, and practical examples.

• Audience-Specific Relevance:
  Ideal for chartered accountants, company secretaries, advocates, corporate tax teams, departmental officers, and students specialising in indirect taxation.

• Updated and Reliable:
  Fully updated with the Finance Act, 2025 and recent GST Council decisions, notifications, and circulars.

• Step-by-Step Guidance:
  Detailed procedures on registration, availing ITC, reversal and utilisation of credit, refund applications, and dispute resolution.

• Robust Reference Tools:
  Includes appendices containing relevant provisions of the CGST Act, IGST Act, CGST Rules, FAQs, compliance checklists, and a comprehensive subject index.

Content Overview:

• GST Framework:
  Overview of CGST, SGST/UTGST, IGST, the destination-based tax structure, and taxability principles.

• Understanding ITC:
  Definition and scope of input tax, conditions for availing ITC, time limits, and documentation requirements.

• Blocked and Partial Credits:
  Analysis of non-creditable inputs, treatment of personal expenses, motor vehicles, and situations involving mixed supplies.

• Input Service Distributor (ISD):
  Procedures for allocation of credit across multiple registrations, with updated rules effective from 1 April 2025.

• ITC Utilisation Rules:
  Stepwise utilisation of credit from the Electronic Credit and Cash Ledgers across different tax liabilities, along with related interest and penalties.

• Exports & Imports:
  Zero-rated supply mechanisms (LUT/Bond), refund eligibility, and special provisions for SEZs, bonded warehouses, and deemed exports.

• Refunds:
  Exhaustive treatment of refund procedures under inverted duty structure, excess tax, and export-linked claims. Guidance on forms, deficiency memos, and unjust enrichment doctrine.

Supplementary Aids:

• Extensive Appendices:
  Consolidated legal texts and departmental guidance documents for deeper legal referencing.

• Quick Reference Tools:
  Acronyms glossary, detailed subject index, and procedural guides to ensure ease of use and practical application.