Input credit on oil, nitrogen gas or lubricants

Manufacturers using oils, nitrogen gas, or lubricants in their plant and machinery for production can generally claim Input Tax Credit (ITC) under Section 16(1) of the CGST Act 2017. This is permissible as these items are used in the course of business. To avail ITC, ensure you have a valid tax invoice, have received the goods/services, the tax has been paid to the government, and you have filed your GSTR-3B returns.