https://www.taxtmi.com/circulars?id=70144 Input tax credit under clause (b) of sub-section (2) of section 16 is not limited to physical receipt at the recipient's business premises. In an Ex-Works contract, where goods are handed over by the supplier to the transporter at the supplier's place of business and property passes at that stage, the recipient is treated as having "received" the goods then, for purposes of ITC, subject to the other conditions of sections 16 and 17 and the requirement that the goods be used or intended for use in business. en-us Wed, 22 Jan 2025 00:00:00 +0530 Tue, 26 May 2026 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70144 Input tax credit under clause (b) of sub-section (2) of section 16 is not limited to physical receipt at the recipient's business premises. In an Ex-Works contract, where goods are handed over by the supplier to the transporter at the supplier's place of business and property passes at that stage, the recipient is treated as having "received" the goods then, for purposes of ITC, subject to the other conditions of sections 16 and 17 and the requirement that the goods be used or intended for use in business. Circulars GST - States Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70144