New Delhi, April 6 -- On social media, tax-saving hacks often get more likes than they deserve. One of the popular tips doing the rounds these days is: "Buy an iPhone for Rs.2 lakh and claim GST input credit of 18%. You save Rs.36,000!"

On paper, this sounds like a smooth strategy. But as with most things involving tax, the devil lies in the details.

Let's break down what this GST input tax credit (ITC) really means - and why blindly following such advice could cost you more in the long run, not just in money but also peace of mind.

Conditions to avail GST ITC on gadgets

First, ITC isn't a discount. It's a credit that reduces your GST liability - and it's only available to GST-registered businesses. If you are an individual without a ...