https://www.taxtmi.com/circulars?id=68611 Clarifies that for purposes of input tax credit under clause (b) of sub section (2) of section 16, goods delivered by a supplier to a transporter at the supplier's premises on the direction of the recipient are deemed to have been "received" by the recipient. In EXW contracts where property passes at the supplier's gate and transport or insurance is arranged on behalf of the recipient, the recipient may claim input tax credit at the time of such handing over, subject to other statutory conditions and business use requirements; diversion or subsequent loss or disposal disqualifies credit. en-us Sat, 04 Jan 2025 00:00:00 +0530 Sat, 17 May 2025 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68611 Clarifies that for purposes of input tax credit under clause (b) of sub section (2) of section 16, goods delivered by a supplier to a transporter at the supplier's premises on the direction of the recipient are deemed to have been "received" by the recipient. In EXW contracts where property passes at the supplier's gate and transport or insurance is arranged on behalf of the recipient, the recipient may claim input tax credit at the time of such handing over, subject to other statutory conditions and business use requirements; diversion or subsequent loss or disposal disqualifies credit. Circulars GST - States Sat, 04 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68611