gst input

Input Tax Credit (ITC) is the backbone of India’s GST system, allowing businesses to offset tax paid on purchases against their output liability. However, with evolving rules—like mandatory ISD registration from FY 2025–26 and stricter documentation norms—managing ITC is more complex than ever. This blog offers a deep dive into ITC eligibility, blocked credits, apportionment, compliance with Rule 42/43.