What are the conditions necessary for obtaining ITC?
Question 5
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. What are the conditions necessary for obtaining ITC?
Ans. Following four conditions are to be satisfied by the registered taxable person for obtaining ITC:
(a) he is in possession of tax invoice or debit note or such other tax paying documents as may be prescribed;
(b) he has received the goods or services or both;
(c) the supplier has actu
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