https://www.taxtmi.com/article/detailed?id=7404 Input tax credit is an entitlement for registered taxable persons for supplies used or intended for business, conditional on possession of tax invoice or prescribed document (or debit note), receipt of goods or services (with deemed receipt rules), actual payment of tax to the appropriate Government (cash or admissible credit utilisation), and filing of the required return. Capital goods are generally fully creditable except pipelines and telecom towers where credit is phased over years; credit is precluded where depreciation on the tax component has been claimed. Claims are time barred after the September return following the financial year or the annual return, whichever is earlier. en-us Wed, 10 May 2017 07:14:11 +0530 Wed, 10 May 2017 07:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7404 Input tax credit is an entitlement for registered taxable persons for supplies used or intended for business, conditional on possession of tax invoice or prescribed document (or debit note), receipt of goods or services (with deemed receipt rules), actual payment of tax to the appropriate Government (cash or admissible credit utilisation), and filing of the required return. Capital goods are generally fully creditable except pipelines and telecom towers where credit is phased over years; credit is precluded where depreciation on the tax component has been claimed. Claims are time barred after the September return following the financial year or the annual return, whichever is earlier. Articles Goods and Services Tax - GST Wed, 10 May 2017 07:14:11 +0530 https://www.taxtmi.com/article/detailed?id=7404