Input Tax Credit entitlement arises only on receipt of the final lot or instalment under the proviso to section 16(11). Entitlement to Input Tax Credit (ITC) where goods are received in lots or instalments arises only upon the receipt of the last lot or instalment, as ... Summary
Input Tax Credit entitlement arises only on receipt of the final lot or instalment under the proviso to section 16(11).
Entitlement to Input Tax Credit (ITC) where goods are received in lots or instalments arises only upon the receipt of the last lot or instalment, as provided by the proviso to section 16(11) of the Model GST Law.
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