Eligibility for taking Input Tax Credit (ITC) [Section 16(1) of CGST Act]

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....prescribed and * in the manner specified in section 49 of CGST Act, * be entitled to take credit of input tax charged on any supply of goods or services or both to him * which are used or intended to be used in the course or furtherance of his business and * the said amount shall be credited to the electronic credit ledger of such person. Important Notification & Clarification  ....

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....020 ] * Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws. [ See Circular No. 138/08/2020-GST dated 06.05.2020 ] * Issue:- The notification No. 11/2020- Central Tax dated 21.03.2020 specifies that the IRP/RP, in respect of a corporate debtor, has to take a new registration with effect from the dat....