What is the eligible condition of taking input tax credit

To claim Input Tax Credit (ITC) under Section 16 of the CGST Act 2017, the following conditions must be met:

 Eligible Conditions for Claiming ITC:

1. *Possession of Tax Invoice*: The recipient must be in possession of a tax invoice or debit note issued by the supplier.

2. *Receipt of Goods/Services*: The goods or services must have been received by the recipient.

 3. *Goods/Services Used for Business*: