https://www.taxtmi.com/circulars?id=69326 ITC is permissible when goods under an Ex Works contract are handed over to a transporter at the supplier's premises because the recipient is deemed to have received the goods under the Explanation to clause (b) of sub section (2) of section 16, allowing the recipient to claim credit upon such handing over, subject to other eligibility conditions including use in the course or furtherance of business and disallowance where goods are diverted for non business purposes or lost/destroyed/gifted thereafter. en-us Mon, 06 Jan 2025 00:00:00 +0530 Tue, 10 Mar 2026 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69326 ITC is permissible when goods under an Ex Works contract are handed over to a transporter at the supplier's premises because the recipient is deemed to have received the goods under the Explanation to clause (b) of sub section (2) of section 16, allowing the recipient to claim credit upon such handing over, subject to other eligibility conditions including use in the course or furtherance of business and disallowance where goods are diverted for non business purposes or lost/destroyed/gifted thereafter. Circulars GST - States Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69326