The basics of Input tax credit and how to claim it under GST



1 hour


Who would not want to claim the right input tax credit (ITC)? 

But claiming input tax credit is a major pain point under the Goods and Services Tax since its inception.

It was designed to bring Goods and Services Tax (GST) “a seamless flow of credit,” reducing the cascading effect of various taxes and the non-availability of credit across different taxes that exists under the country’s present taxation system.

ITC also makes the businesses competitive globally by ensuring that only goods/services are exported and not taxes as part of the cost. Hence, claiming ITC under GST is a vital process conducted regularly. 

However, claiming ITC is not a cakewalk process. The Model GST Law (MGL) prescribes several restrictions on input tax credit which can be extremely difficult to understand.

If you have any questions about ITC, you wouldn’t want to miss our webinar discussing the practical challenges of Input tax credit faced by various industries.

Register for our 1-hour session where our guest speaker and GST expert, Manas Joshi, along with Chandrashekar Ramaswamy, Director of Product Management- Avalara, will discuss:

  • Concept of Input tax credit
  • Discussion on the eligibility of input tax credit
  • Discussion on understanding and solving practical issues in the reconciliation of ITC as per books and GSTR-2A
  • Live Q&A

Sign up now to attend our live webinar where we reveal critical considerations to keep in mind while claiming ITC under GST.

Register now

Manas Joshi
GST expert

Manas from Proficient Partners is a GST Consultant & has a rich experience of more than 16 years in the field of Indirect Tax. He is an active member of the GST Committee of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) & has conducted more than 270 seminars related to GST Law.

Chandrashekar Ramaswamy
Director of Product Management- Avalara

Chandrasekhar is the director of product management at Avalara India. He has a rich 16+ years of experience in product management, consulting, and entrepreneurship. He has worked in different industries such as logistics, retail, and e-commerce.