Input Tax Credit depends on registration, receipt, supplier disclosure, payment, time limits, apportionment and blocked credits. Entitlement to Input Tax Credit is available to registered persons (other than composition taxpayers) where inputs, input services or capital goods are used or intended for business and subject to conditions: possession of tax invoice, receipt of goods/services (including deemed receipt rules), actual tax payment by supplier and timely returns; temporal limits, reversal on non-payment within 180 days, depreciation interaction for capital goods, apportionment and blocked credits under Section 17 and rule 42, special rules for motor vehicles, works contracts and job work, ISD distribution rules and recovery of excess credit under sections 73/74.
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 depends on registration, receipt, supplier disclosure, payment, time limits, apportionment and blocked credits.
Entitlement to Input Tax Credit is available to registered persons (other than composition taxpayers) where inputs, input services or capital goods are used or intended for business and subject to conditions: possession of tax invoice, receipt of goods/services (including deemed receipt rules), actual tax payment by supplier and timely returns; temporal limits, reversal on non-payment within 180 days, depreciation interaction for capital goods, apportionment and blocked credits under Section 17 and rule 42, special rules for motor vehicles, works contracts and job work, ISD distribution rules and recovery of excess credit under sections 73/74.
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