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    <title>Declaration for claim of input tax credit under sub-section (1) of section 18</title>
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    <description>Form GST ITC-01 facilitates claims of input tax credit under section 18(1)(a)-(d) by capturing GSTIN and name details, the relevant date tied to the claim route, and detailed tabulations of inputs, inputs in semi finished/finished goods, and capital goods with invoice/bill of entry data, quantities, values and ITC claimed by tax head. It permits FIFO where invoices are not identifiable and prescribes a quarterly five percentage point reduction in capital goods value for ITC calculation, certification by a Chartered/Cost Accountant where required, and a signed verification declaration.</description>
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      <title>Declaration for claim of input tax credit under sub-section (1) of section 18</title>
      <link>https://www.taxtmi.com/forms?id=1193</link>
      <description>Form GST ITC-01 facilitates claims of input tax credit under section 18(1)(a)-(d) by capturing GSTIN and name details, the relevant date tied to the claim route, and detailed tabulations of inputs, inputs in semi finished/finished goods, and capital goods with invoice/bill of entry data, quantities, values and ITC claimed by tax head. It permits FIFO where invoices are not identifiable and prescribes a quarterly five percentage point reduction in capital goods value for ITC calculation, certification by a Chartered/Cost Accountant where required, and a signed verification declaration.</description>
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