What this note covers
The note walks through the latest amendments to the input-tax-credit (ITC) framework under the CGST Act, with reference to notifications 03/2026 and 04/2026 and the latest CBIC circular series. It is written for practitioners and engagement-team members handling GST advisory and review work.
Sections in the note
- Eligibility and ineligibility — revised section 17 cross-references
- Matching, communication, and reversal under section 41 / Rule 37A
- Reinstatement of reversed credit — the new mechanic and timing
- Cross-utilisation rules — CGST / SGST / IGST · refreshed for 2026
- Documentation requirements — the practitioner's checklist
- Practical illustrations on six common positions
Use of the note
The note is reference material. It does not constitute advice on any specific transaction or any specific assessee's position. Practitioners using the note in client work should refer to the underlying notifications, circulars, and the relevant transaction's facts.
Published as professional information per § 3.3.8 of the Institute's Code of Ethics, 2020.