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8 [Provided that the registered person shall be entitled to take input tax credit after the due date of furnishing of the return under section 39 for the month of September, 2018 till the due date of furnishing of the return under the said section for the month of March, 2019 in respect of any invoice or invoice relating to such debit note for ...
Apr 14, 2023 · Unlock the nuances of Section 16 of CGST Act 2017 on Input Tax Credit eligibility and conditions. Explore FAQs, conditions, and crucial details for seamless GST compliance.
section 116; (16) ―Board‖ means the [Central Board of Indirect Taxes and Customs]4 constituted under the Central Boards of Revenue Act, 1963; 4 Substituted for ―Central Board of Excise and Customs‖ by The Finance Act, 2018 (No. 13 of 2018) – Brought into force w.e.f. 29th March, 2018.
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Section 16 - Eligibility and conditions for taking input tax credit of CGST ACT, 2017. 16. (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input
Jun 1, 2023 · This article provides an in-depth analysis of Section 16 of the Central Goods and Services Tax Act (CGST), focusing on the eligibility, conditions, and restrictions for claiming Input Tax Credit (ITC) on goods and services for business purposes.
Mar 28, 2024 · Section 16 (1): Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the sai...
