Declaration for intimation of ITC reversal/payment of tax on inputs held in stock, inputs contained in semi-finished and finished goods held in stock and capital goods under sub-section (4) of section 18
GST ITC – 03
GST
Form GST ITC-03
[See Rule 44(4)]
Declaration for intimation of ITC reversal/payment of tax on inputs held in stock, inputs contained in semi-finished and finished goods held in stock and capital goods under sub-section (4) of section 18
1. GSTIN
2. Legal name
3. Trade name, if any
4(a). Details of application filed to opt for composition scheme
[applicable only for section 18(4)]
(i) Application reference number (ARN)
(ii) Date of filing
4(b). Date from which exemption is effective
[applicable o
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sp;Inputs contained in semi-finished and finished goods held in stock (where invoice available)
5(c) Capital goods held in stock (where invoice available)
5(d) Inputs held in stock and as contained in semi-finished/finished goods held in stock ( where invoice not available)
5(e) Capital goods held in stock (where invoice not available)
* (1) In case, it is not feasible to identify invoice, the principle of first in first out may be followed.
(2) If Invoice is not available for certain inputs or capital goods, the value shall be estimated based on prevailing market price
1[ ** The value of capital goods shall be the invoice value reduced by 1/60th per month or part thereof from the date of invoice]
6.
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