Amol Jadhav (16 Points)
20 November 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 20 November 2019
As per section 16(2) of the CGST 2017 act , you must fulfill following conditions to Claim Input Tax credit
1) you must have Valid Tax Invoice with correct GSTN etc
2) you must have received Goods or Services
3) Supplier shall pay Tax collected from you to Govt Account .
4) recipient must file return
In addition to above as per new rule , it should reflect in GSTR 2A . & you goods to service should not be in the list of block credit section 17(5) of the CGST act 2017 .
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 21 November 2019
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 21 November 2019
initially, input can be taken on the basis of possession of valid GST TAX INVOICE from the supplier and good received .
but one of the important point is to that counter party has also filed his return and invoice is reflected
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