https://www.taxtmi.com/acts?id=25944 Every registered person is entitled to claim input tax credit for tax charged on supplies used in business, subject to conditions: possession of a tax invoice or prescribed document from a registered supplier; receipt of the goods or services (including deemed receipt); payment of tax to the government in cash or through permissible credit utilization; and filing the required return. Credit is excluded where the tax component of capital goods is depreciated under income tax, and claims are time barred after the statutory return deadline or annual return. Nonpayment to supplier triggers reversal and interest, with credit restoration upon payment. en-us Sat, 17 Jun 2017 12:15:46 +0530 Thu, 29 Jun 2017 14:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25944 Every registered person is entitled to claim input tax credit for tax charged on supplies used in business, subject to conditions: possession of a tax invoice or prescribed document from a registered supplier; receipt of the goods or services (including deemed receipt); payment of tax to the government in cash or through permissible credit utilization; and filing the required return. Credit is excluded where the tax component of capital goods is depreciated under income tax, and claims are time barred after the statutory return deadline or annual return. Nonpayment to supplier triggers reversal and interest, with credit restoration upon payment. Act-Rules GST - States Sat, 17 Jun 2017 12:15:46 +0530 https://www.taxtmi.com/acts?id=25944