https://www.taxtmi.com/forum/issue?id=110890 Whether entitlement to input tax credit under GST arises on receipt of goods/services, on receipt of invoice, or on payment is unsettled pending enactment; current Cenvat practice may not apply. The discussion notes the draft GST may change and emphasizes that a prevalent practical view ties ITC availability to the supplier's payment of output tax, with denial of credit if the supplier has not discharged tax. Draft provisions should not be treated as final. en-us Fri, 09 Sep 2016 15:03:57 +0530 Thu, 23 Jan 2025 15:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110890 Whether entitlement to input tax credit under GST arises on receipt of goods/services, on receipt of invoice, or on payment is unsettled pending enactment; current Cenvat practice may not apply. The discussion notes the draft GST may change and emphasizes that a prevalent practical view ties ITC availability to the supplier's payment of output tax, with denial of credit if the supplier has not discharged tax. Draft provisions should not be treated as final. Discussion-Forum GST Fri, 09 Sep 2016 15:03:57 +0530 https://www.taxtmi.com/forum/issue?id=110890