https://www.taxtmi.com/article/detailed?id=17383 Input tax credit under GST enables a registered person to use eligible tax paid on inward supplies for discharging tax liability on outward supplies and reduces cascading taxation. Eligibility, availment and utilisation remain subject to prescribed documents, receipt of supplies, payment of tax, return filing, supplier invoice reporting, time limits, restrictions and reversal. Input tax credit is a conditional statutory entitlement rather than an inherent, constitutional or unconditional vested right. Tax paid at a preceding stage does not by itself create an enforceable claim to credit; prescribed statutory requirements must be fulfilled. en-us Fri, 11 Sep 2026 08:34:08 +0530 Fri, 11 Sep 2026 08:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17383 Input tax credit under GST enables a registered person to use eligible tax paid on inward supplies for discharging tax liability on outward supplies and reduces cascading taxation. Eligibility, availment and utilisation remain subject to prescribed documents, receipt of supplies, payment of tax, return filing, supplier invoice reporting, time limits, restrictions and reversal. Input tax credit is a conditional statutory entitlement rather than an inherent, constitutional or unconditional vested right. Tax paid at a preceding stage does not by itself create an enforceable claim to credit; prescribed statutory requirements must be fulfilled. Articles Goods and Services Tax - GST Fri, 11 Sep 2026 08:34:08 +0530 https://www.taxtmi.com/article/detailed?id=17383