TaxTMI 
TaxTMI 
Conditions for taking Input Tax Credit (ITC) [Section 16(2) of CGST Act]
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....ry requirements and conditions for claiming input tax credit Rule 36(1) - Eligible document for ITC * a tax invoice issued by the supplier of goods & services or both, as per section 31 CGST Act * an invoice issued to payment of tax under reverse charge basis, as per section 31(3)(f) of CGST Act * debit note issued by a supplier registered as per section 34 of CGST Act , or * a bill of entry or similar document prescribed under Customs Act or Rules for assessment of IGST * an invoice or credit note issued by a input services distributor as per rule 54(1) of CGST Rules 2017 Rule 36(2) - Requirement of all particular for ITC * Input tax credit shall be availed by a registered person only....
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....communicated to the registered person in FORM GSTR-2B under rule 60(7) of CGST Rules. Important Clarification Regarding Rule 36(4) of CGST Rules * Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19. [ Circular No. 183/15/2022-GST Dated 27th December, 2022 ] * Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021. [ Circular No. 193/05/2023-GST Dated 17th July 2023 ] * It is clarified that consequent to insertion of clause (aa) to section 16(2) of the CGST Act....
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....t, 2018 w.e.f. 01-02-2019, For the purposes of this clause, it shall be deemed that the registered person has received the goods or, as the case may be, services (Bill to ship to model) -- * (i) where the goods are delivered by the supplier to a recipient or any other person on the direction of such registered person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to goods or otherwise; * (ii) where the services are provided by the supplier to any person on the direction of and on account of such registered person. Important Notification & Clarification * Clarification on availability of input tax credit as per section 16(2)(b) of the C....
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....ch goods as per provisions of section 17(5)(h) of CGST Act. Clause (ba) of Section 16(2) of CGST Act * the details of input tax credit in respect of the said supply communicated to such registered person under section 38 of CGST Act has not been restricted. Clause (c) of Section 16(2) of CGST Act * subject to the provisions of section 41 or section 43A[Omitted vide Finance Act, 2022 w.e.f. 01-10-2022], the tax charged in respect of such supply has been actually paid to the Government, either in cash or through utilisation of input tax credit admissible in respect of the said supply; and Clause (d) of Section 16(2) of CGST Act&n....