Clarification on availability of input tax credit as per clause (b) of sub- section (2) of section 16 of the Rajasthan 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 Rajasthan 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=70592 Under an Ex-Works contract, a registered person is regarded as having received goods when the supplier hands them to a transporter at the supplier's business premises for onward transmission on the recipient's behalf, where property in the goods passes at that time. Physical arrival at the recipient's premises is not required for input tax credit under clause (b) of sub-section (2) of section 16. Credit remains subject to other conditions, including business use, and is unavailable for non-business diversion, loss, theft, destruction, write-off, gifts, or free samples. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 31 Jul 2026 12:31:52 +0530 TaxTMI RSS Generator Clarification on availability of input tax credit as per clause (b) of sub- section (2) of section 16 of the Rajasthan 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=70592 Under an Ex-Works contract, a registered person is regarded as having received goods when the supplier hands them to a transporter at the supplier's business premises for onward transmission on the recipient's behalf, where property in the goods passes at that time. Physical arrival at the recipient's premises is not required for input tax credit under clause (b) of sub-section (2) of section 16. Credit remains subject to other conditions, including business use, and is unavailable for non-business diversion, loss, theft, destruction, write-off, gifts, or free samples. Circulars GST - States Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70592