Registered persons can claim input tax credit on Ex-Works contracts upon delivery at supplier's factory gate under Section 16
Circulars
GST – States
The CBIC clarified that under Ex-Works contracts, registered persons can claim input tax credit upon delivery of goods at the supplier's factory gate, without requiring physical receipt at their business premises. Section 16(2)(b) of CGST Act mandates “receipt” of goods for ITC eligibility, but does not specify location. The Explanation dee
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =