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What conditions should be satisfied by a regist...

What conditions should be satisfied by a registered person to claim Input Tax Credit?

What conditions should be satisfied by a registered person to claim Input Tax Credit?

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Chiranjibi Jun. 21, 2018

In short, a person should fulfill the following conditions to be able to claim ITC.

  • He (A GST registered person) is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed;
  • he has received the goods or services or both.
  • subject to the provisions of section 41, 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
  • he has furnished the return under section 39:

What conditions should be satisfied by a registered person to claim Input Tax Credit?

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