Clarification on availability of input tax credit as per clause (b) of sub-section (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 sub-section (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=68661 Delivery under an Ex Works contract to a transporter at the supplier's premises, where property in the goods passes to the recipient and transport or insurance is arranged on the recipient's behalf, is deemed to be receipt by the recipient for purposes of claiming input tax credit under the Explanation to clause (b) of the eligibility provisions; ITC so claimed remains subject to all other statutory conditions and disallowance rules if goods are diverted or lost/destroyed or otherwise disposed of. en-us Fri, 13 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 18:31:00 +0530 TaxTMI RSS Generator Clarification on availability of input tax credit as per clause (b) of sub-section (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=68661 Delivery under an Ex Works contract to a transporter at the supplier's premises, where property in the goods passes to the recipient and transport or insurance is arranged on the recipient's behalf, is deemed to be receipt by the recipient for purposes of claiming input tax credit under the Explanation to clause (b) of the eligibility provisions; ITC so claimed remains subject to all other statutory conditions and disallowance rules if goods are diverted or lost/destroyed or otherwise disposed of. Circulars GST - States Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68661