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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Agents Can Claim ITC for Principal's Goods if Conditions Met Under SGST Sections 162A and 162B</h1> An agent can claim Input Tax Credit (ITC) for goods, including capital goods, belonging to the principal and held by the agent on the appointed day, provided certain conditions are met. The agent must be a registered taxable person under GST, and both the principal and agent must declare the stock details as of the day before the appointed day. The invoices for these goods should not be older than 12 months from the appointed day, and the principal must have either reversed or not claimed ITC on these goods. This applies specifically under SGST law, sections 162A and 162B.
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