Eligibility and conditions for taking Input Tax Credit in GST
Section 16 of Central Goods and Service Tax (“the Act”) provides for the eligibility and conditions for taking Input Tax…
Category: Input Tax Credit
Precious 20days to ensure all ITC of F.Y.2017-18 is claimed
The time limit to claim input tax credit of the invoices pertaining to financial year 2017-18 is 20th April, 2019.…
Maximum availment of Input Tax Credit (ITC)
Presently, the mechanism of claiming Input Tax Credit (ITC) is a self assessment basis. That is the registered person furnishes…
Input Tax Credit (ITC) of invoice pertaining to F.Y.2017-18
A registered person is entitled to take input tax credit of any invoice or debit note pertaining to invoice of…