When can ITC be denied?

If invoices are missing, returns not filed by suppliers, or goods/services are used for exempt/non-business purposes, among other blocks.

What is GSTR-2B’s role?

It is a static ITC statement based on supplier filings; used to reconcile claims in GSTR-3B.

Letter I

Credit available for GST paid on business purchases.

Calculation / formula

Eligible ITC in a period is set off against output GST, subject to GSTR-2B and law (e.g. Section 16 conditions).

When can ITC be denied?: If invoices are missing, returns not filed by suppliers, or goods/services are used for exempt/non-business purposes, among other blocks.
What is GSTR-2B’s role?: It is a static ITC statement based on supplier filings; used to reconcile claims in GSTR-3B.