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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.
THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 NO. 12 OF 2017 [12th April, 2017.] An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and for matters connected therewith or incidental thereto.
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 · Section 16 of the Central Goods and Services Tax Act, 2017 specifies the eligibility and conditions for availing of the input tax credit on goods and services by a registered taxpayer for business purposes.
May 20, 2023 · Section 16 (4) imposes a condition upon the Registered Tax-Payer (RTP) wherein it is stated that ITC cannot be taken in respect of any invoice or debit note for supply of goods or services or both after the Thirtieth day of November (as amended) following the end of financial year to which such invoice or debit note pertains or furnishing of the...
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Section 16 of the Central Goods and Services Act, 2017 (CGST Act) Eligibility and conditions for taking input tax credit.
Section 16. Zero rated supply.-(1) " zero rated supply " means any of the following supplies of goods or services or both, namely: -(a) export of goods or services or both; or (b) supply of goods or services or both 1 [for authorised operations] to a Special Economic Zone developer or a Special Economic Zone unit.
Jan 2, 2019 · Provisions under Section 16 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Eligibility and Conditions for taking Input Tax Credit (ITC)”:
