CA Inter GST Revision | ITC | Input Tax Credit | Section 16 | CA Karan Satija

Welcome back to the CA Inter GST Revision Series — where every important topic is revised in under 10 minutes! In this video, we cover Input Tax Credit (ITC) under Section 16 of GST — one of the most important, high-weightage and frequently tested topics in the CA Inter exam. ITC is the backbone of GST, as it allows a registered person to claim credit of tax paid on purchases and reduce their output tax liability. Section 16 lays down the exact conditions you must satisfy to claim that credit, and examiners love testing these conditions in both theory and problems. In this quick revision you will understand: - What Input Tax Credit means and why it matters - Eligibility and the key conditions under Section 16 to claim ITC - Possession of tax invoice, receipt of goods/services and other conditions - Payment to supplier within 180 days rule - Time limit for availing ITC - ITC on goods received in instalments and other special cases - Important exam points and common traps to avoid This series is designed for CA Inter students appearing in the Sept 2026 and Jan 2027 attempts who want fast, exam-focused revision without wasting time. One topic. Ten minutes. Complete clarity. If this helped you revise faster: 👍 LIKE the video 💬 COMMENT "REVISION" and I will share the complete Revision Series playlist link with you 🔔 SUBSCRIBE so you never miss a topic Let's revise smart and score high! #CAInter #GST #InputTaxCredit #Section16 #CAKaranSatija Contact Us: ☎ 𝐒𝐚𝐥𝐞𝐬: | | | | | Follow Us On: ✅ Instagram: ✅ Telegram: #CAInter #GST #InputTaxCredit #ITC #Section16GST #CAInterGST #GSTRevision #CAKaranSatija #RevisionSeries #CAInterRevision