https://www.taxtmi.com/article/detailed?id=8454 Eligibility to claim Input Tax Credit requires prescribed conditions and documentation: a registered person may claim credit for inputs used in business, credited to the electronic credit ledger, provided they hold a tax invoice or debit note, have received the goods (or are deemed to have received services/goods in ship to/bill to scenarios), the supplier has filed required returns, payment of the invoice occurs within the prescribed period, and instalment receipts are complete. Restrictions include disallowance where depreciation has been claimed on the tax component of capital goods. The statute's manner of utilisation reference does not expressly require that the supplier must have paid tax before the recipient can claim ITC. en-us Sat, 06 Apr 2019 05:48:49 +0530 Sat, 06 Apr 2019 05:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8454 Eligibility to claim Input Tax Credit requires prescribed conditions and documentation: a registered person may claim credit for inputs used in business, credited to the electronic credit ledger, provided they hold a tax invoice or debit note, have received the goods (or are deemed to have received services/goods in ship to/bill to scenarios), the supplier has filed required returns, payment of the invoice occurs within the prescribed period, and instalment receipts are complete. Restrictions include disallowance where depreciation has been claimed on the tax component of capital goods. The statute's manner of utilisation reference does not expressly require that the supplier must have paid tax before the recipient can claim ITC. Articles Goods and Services Tax - GST Sat, 06 Apr 2019 05:48:49 +0530 https://www.taxtmi.com/article/detailed?id=8454