Clarification on availability of input tax credit as per clause (b) of subsection (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract

Clarification on availability of input tax credit as per clause (b) of subsection (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract https://www.taxtmi.com/circulars?id=68576 Clause (b) of sub section (2) of section 16 deems a recipient to have "received" goods when the supplier delivers them to the recipient or any other person on the recipient's direction, including by handing them to a transporter. Under EXW contracts the property may pass at the supplier's factory gate when goods are handed to the transporter, allowing the recipient to claim ITC at that point, subject to other eligibility conditions and the requirement that the goods are used or intended to be used in the course or furtherance of business. en-us Wed, 15 Jan 2025 00:00:00 +0530 Tue, 06 May 2025 18:15:00 +0530 TaxTMI RSS Generator Clarification on availability of input tax credit as per clause (b) of subsection (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract https://www.taxtmi.com/circulars?id=68576 Clause (b) of sub section (2) of section 16 deems a recipient to have "received" goods when the supplier delivers them to the recipient or any other person on the recipient's direction, including by handing them to a transporter. Under EXW contracts the property may pass at the supplier's factory gate when goods are handed to the transporter, allowing the recipient to claim ITC at that point, subject to other eligibility conditions and the requirement that the goods are used or intended to be used in the course or furtherance of business. Circulars GST - States Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68576