Clarification on availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Tamil Nadu 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 Tamil Nadu 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=71173 Input tax credit under Ex-Works contracts may be claimed when goods are handed by the supplier to the recipient or the recipient's transporter at the supplier's premises, where property in the goods passes under the contract. Physical receipt at the registered person's business premises is not required for satisfying the receipt condition. Credit remains subject to all other statutory conditions, including business use, and is unavailable for non-business diversion, loss, theft, destruction, write-off, gifts or free samples. en-us Mon, 03 Feb 2025 00:00:00 +0530 Mon, 07 Sep 2026 17:04:31 +0530 TaxTMI RSS Generator Clarification on availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Tamil Nadu 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=71173 Input tax credit under Ex-Works contracts may be claimed when goods are handed by the supplier to the recipient or the recipient's transporter at the supplier's premises, where property in the goods passes under the contract. Physical receipt at the registered person's business premises is not required for satisfying the receipt condition. Credit remains subject to all other statutory conditions, including business use, and is unavailable for non-business diversion, loss, theft, destruction, write-off, gifts or free samples. Circulars GST - States Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71173