https://www.taxtmi.com/forum/issue?id=119357 Whether Input Tax Credit can be claimed on the basis of a bill of entry before goods arrive at the registered business premises is contested. One view ties credit to statutory receipt and documentary rules, denying credit until goods are shown as received at the business place. An alternative view treats customs clearance and duty payment as transferring ownership and constituting constructive receipt, allowing a bill of entry and related documents to satisfy eligibility, supported by a deeming provision; however, concerns about misuse and that the deeming clause is not for routine claims are emphasized. en-us Wed, 16 Oct 2024 21:07:47 +0530 Fri, 24 Jan 2025 10:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119357 Whether Input Tax Credit can be claimed on the basis of a bill of entry before goods arrive at the registered business premises is contested. One view ties credit to statutory receipt and documentary rules, denying credit until goods are shown as received at the business place. An alternative view treats customs clearance and duty payment as transferring ownership and constituting constructive receipt, allowing a bill of entry and related documents to satisfy eligibility, supported by a deeming provision; however, concerns about misuse and that the deeming clause is not for routine claims are emphasized. Discussion-Forum GST Wed, 16 Oct 2024 21:07:47 +0530 https://www.taxtmi.com/forum/issue?id=119357