ITC ON GOODS INTRANSIT

For  input tax credit  as per  section 16 of the CGST 2017 act , you have fulfil following conditions 

1)  you must  valid  Invoice with correct  GSTN no .

2)  You must  received goods or service 

3)  supplier  must  pay the  tax amount  to GOVT  paid  by  buyer  for the said supply .

4)  Supplier  must  file  retrun  . 

Provision (Section 140 (5) of CGST Act) for ITC on Goods in transit  was appl;icable for goods dispacthed before appointed date ( 01 July 2017) but received after this date .

In present situation , as righly mentioned by Mr. Prasad , One of the condition to avail ITC under section 16 is the receipt of goods ..

You can not take ITC on Goods in Transit