GST What are the conditions necessary for obtaining ITC?

Discussion in 'GST (Goods & Service Tax)' started by Raju Choudhary, Apr 18, 2017.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    Ans. Following four conditions are to be satisfied by the registered taxable person for obtaining ITC:

    • (a) he is in possession of tax invoice or debit note or such other tax paying documents as may be prescribed;
    • (b) he has received the goods or services or both;
    • (c) the supplier has actually paid the tax charged in respect of the supply to the government; and
    • (d) he has furnished the return under section 39.

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