Taxmann GST Input Tax Credit By V S Datey 16th Edition April 2026

Description

The Present Publication is the 16^th Edition | 2026, amended by the Finance Act 2026. This book is authored by V.S. Datey with the following noteworthy features:

• [Finance Act 2026—Fully Integrated] All amendments are woven into the substantive discussion at the point of relevance, with the author’s commentary on whether each change is in force or pending notification—including post-sale discount liberalisation, 90% provisional refund for inverted duty structure, IGST refund below ₹1,000 for small exporters, and the intermediary place-of-supply correction after nine years
• [Mandatory ISD—Both Regimes Covered] The transition from optional to mandatory ISD from 1^st April 2025 is addressed in two distinct sections, enabling practitioners to advise on legacy cross-charge positions and current compliance in parallel
• [Section 17(5)—Exhaustive with Conflicting Rulings Assessed] Every blocked credit category is analysed with precision. Where AAR and AAAR decisions across states conflict—as is frequent—the book identifies the disagreement and flags the more defensible position rather than leaving the reader to reconcile conflicting rulings independently
• [Author’s Own Views—Clearly Flagged] V.S. Datey consistently identifies interpretive positions that are his own—including where he disagrees with advance rulings, departmental practice, or anomalous drafting. This practitioner candour is rare in reference texts and directly useful in contested matters
• [CBI&C Circulars—Embedded] Circular clarifications appear at the precise sub-section they govern, making the book usable as a standing desk reference without parallel access to a circular repository.
• [Case Law—Selectively and Critically Applied] Landmark decisions—Thirumalakonda Plywoods, Landmark Cars East, Troikaa Pharmaceuticals, CMS Info Systems—are referenced where they actually drive the legal position, not cited for volume. Pre-GST CESTAT precedents are included where the principle survives into the GST regime
• [ITC Flow Diagram] A clear diagram mapping credit flow from imports, inter-state, and intra-state procurement through to IGST, CGST, and SGST/UTGST utilisation—including the mandatory utilisation sequence—anchors the statutory discussion with a visual reference
• [Refund Forms and Timelines—Operationally Complete] Every refund category is covered with the applicable formula, GST RFD form reference, timeline, and post-adjudication procedure, including PFMS bank account validation mechanics and interest computation on delayed refunds