https://www.taxtmi.com/acts?id=23152 Registered taxable persons may claim input tax credit for business supplies, subject to conditions: possession of a tax invoice or prescribed document from a registered supplier, receipt of goods or services (including deemed receipt on delivery to a directed person), payment of the tax to government (cash or admissible credit), and filing the prescribed return. Credit for certain fixed infrastructure is phased across years. Credit is denied where depreciation was claimed on the tax component of capital goods, and claims are time barred after the earlier of the specified post year month return or the annual return. en-us Mon, 28 Nov 2016 11:11:30 +0530 Mon, 28 Nov 2016 15:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23152 Registered taxable persons may claim input tax credit for business supplies, subject to conditions: possession of a tax invoice or prescribed document from a registered supplier, receipt of goods or services (including deemed receipt on delivery to a directed person), payment of the tax to government (cash or admissible credit), and filing the prescribed return. Credit for certain fixed infrastructure is phased across years. Credit is denied where depreciation was claimed on the tax component of capital goods, and claims are time barred after the earlier of the specified post year month return or the annual return. Act-Rules Bill Mon, 28 Nov 2016 11:11:30 +0530 https://www.taxtmi.com/acts?id=23152