Input Tax Credit under GST governs eligibility, requiring invoice, receipt, supplier tax payment and return filing before claiming credit. Input Tax Credit under GST is available to a registered person for tax paid on inputs, input services and capital goods used in business, provided four conditions are met: possession of prescribed documents, receipt of goods or services, supplier's tax payment to government, and filing of the return under Section 39. Limited missing invoice particulars do not bar ITC if key details exist. Credits for goods received in installments arise only on receipt of the last installment. Failure to pay consideration within the prescribed period requires reversal of ITC with interest, though ITC may be reclaimed upon payment. Certain inputs and services are specifically blocked from ITC, and ledger credits must be utilized in a prescribed order.
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 under GST governs eligibility, requiring invoice, receipt, supplier tax payment and return filing before claiming credit.
Input Tax Credit under GST is available to a registered person for tax paid on inputs, input services and capital goods used in business, provided four conditions are met: possession of prescribed documents, receipt of goods or services, supplier's tax payment to government, and filing of the return under Section 39. Limited missing invoice particulars do not bar ITC if key details exist. Credits for goods received in installments arise only on receipt of the last installment. Failure to pay consideration within the prescribed period requires reversal of ITC with interest, though ITC may be reclaimed upon payment. Certain inputs and services are specifically blocked from ITC, and ledger credits must be utilized in a prescribed order.
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