GST ITC Calculator
Frequently Asked Questions
What ITC is blocked under Section 17(5)?
Common blocked items include motor vehicles (with some exceptions), employee health/life insurance and travel benefits (unless obligatory by law), club memberships, works contracts for immovable property, goods lost/stolen/destroyed, and free samples or gifts.
What is ITC reversal under Rule 42/43?
When inputs or input services are used partly for exempt supplies or non-business purposes, a proportionate amount of ITC must be reversed — Rule 42 covers inputs/input services, Rule 43 covers capital goods.
Should I only claim ITC that appears in GSTR-2B?
Yes — under current rules, ITC can generally only be claimed if the corresponding invoice is reflected in your GSTR-2B, so always reconcile before filing GSTR-3B.