Input tax credit entitlement conditioned on documentary proof, receipt of goods, tax payment, and timely return filing. Eligibility for input tax credit requires possession of a tax invoice or prescribed document, receipt of goods or services (including deemed receipt), actual payment of the tax to the Government in cash or via permissible credit utilisation, and filing of the prescribed return. Credit is denied where depreciation on the tax component of capital goods has been claimed; claims are time barred after the prescribed annual return deadline; credit on lot-wise deliveries accrues on receipt of the last instalment; and unpaid recipient liabilities trigger reversal of credit with interest until payment is made.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement conditioned on documentary proof, receipt of goods, tax payment, and timely return filing.
Eligibility for input tax credit requires possession of a tax invoice or prescribed document, receipt of goods or services (including deemed receipt), actual payment of the tax to the Government in cash or via permissible credit utilisation, and filing of the prescribed return. Credit is denied where depreciation on the tax component of capital goods has been claimed; claims are time barred after the prescribed annual return deadline; credit on lot-wise deliveries accrues on receipt of the last instalment; and unpaid recipient liabilities trigger reversal of credit with interest until payment is made.
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