https://www.taxtmi.com/acts?id=27357 Eligibility for input tax credit requires possession of a tax invoice or prescribed document, receipt of goods or services (including deemed receipt), actual payment of the tax to the Government in cash or via permissible credit utilisation, and filing of the prescribed return. Credit is denied where depreciation on the tax component of capital goods has been claimed; claims are time barred after the prescribed annual return deadline; credit on lot-wise deliveries accrues on receipt of the last instalment; and unpaid recipient liabilities trigger reversal of credit with interest until payment is made. en-us Fri, 23 Jun 2017 17:15:14 +0530 Tue, 25 Jul 2017 10:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27357 Eligibility for input tax credit requires possession of a tax invoice or prescribed document, receipt of goods or services (including deemed receipt), actual payment of the tax to the Government in cash or via permissible credit utilisation, and filing of the prescribed return. Credit is denied where depreciation on the tax component of capital goods has been claimed; claims are time barred after the prescribed annual return deadline; credit on lot-wise deliveries accrues on receipt of the last instalment; and unpaid recipient liabilities trigger reversal of credit with interest until payment is made. Act-Rules GST - States Fri, 23 Jun 2017 17:15:14 +0530 https://www.taxtmi.com/acts?id=27357