Input tax credit continuity under GST preserves set off across the supply chain while limiting specified exclusions and utilisation order. Input tax credit under GST permits set-off of tax paid at earlier stages to avoid cascading, subject to a priority order of utilisation among CGST, SGST/UTGST and IGST and a prohibition on using CGST credit for SGST/UTGST and vice versa. Registered persons may claim ITC only upon possession of prescribed documents, receipt of goods or services, tax payment by the supplier and filing returns, with special rules for lot-wise receipt, payment within a specified period to retain credit, and defined documentary bases. Specified supplies and circumstances disqualify ITC, while special transition and adjustment rules address registration changes, migration from composition, and capital goods disposals.
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 continuity under GST preserves set off across the supply chain while limiting specified exclusions and utilisation order.
Input tax credit under GST permits set-off of tax paid at earlier stages to avoid cascading, subject to a priority order of utilisation among CGST, SGST/UTGST and IGST and a prohibition on using CGST credit for SGST/UTGST and vice versa. Registered persons may claim ITC only upon possession of prescribed documents, receipt of goods or services, tax payment by the supplier and filing returns, with special rules for lot-wise receipt, payment within a specified period to retain credit, and defined documentary bases. Specified supplies and circumstances disqualify ITC, while special transition and adjustment rules address registration changes, migration from composition, and capital goods disposals.
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