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of <h1>Input Tax Credit Now Allowed at Factory Gate for Auto Dealers Under Ex-Works Contracts with Specific GST Conditions</h1> A circular from the Karnataka Commercial Taxes Department clarifies input tax credit (ITC) availability for Ex-Works contracts in the automobile sector. The document explains that goods can be considered 'received' when handed over to a transporter at the supplier's factory gate, even if physically received later. This interpretation allows dealers to claim ITC at the point of goods transfer, provided they are used for business purposes, subject to existing GST Act conditions and restrictions on non-business use or disposal of goods.
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