Pg

CHARTER6
INPUT TAX CREDIT
CSedit
eder
Subblier= goods
seTVICes RecipipntTrc]
Supply
futnar
poy Stpp
Use
TC Inwore Supply TTC

Input TOX (3eoliXt

ITG

Input Inpu Capta

setviceS Jods
MR-PANN
200000 Value Capiused Pn
1O0000D
ST 20oDD eook a4 Mt)
ST 1o000
ITC TC 15,00.OOD
Tax ISQO0D
1TC

180000

Slect. Caed
Teager
i
USe2 Yayment
Tax
 at

s-16ELigibiu and condiions for toking ITC

Page

|( every ReqiStEred person Shall be Allowed to take

Cacai tax pad onInward Suppy JO093/sAUITes

ad
oods 7/ Setvfces OF B0t

) USed or Inteded to be Used in the Course or futherarce

aBSines

LI)_iF follouing Conditons are Satis4ied9S160)

1Condition Recipient has Received 9ocsSenvites

Incluole 8iIl to Ship to mode.

Supplier 00ds Rec?pient 4

Actua Received

Recibien order Pass e Subplier P.

Bi
MR-PAAn Taior MR ReN [Kota]
RSupplier LProduct A SOd]

Allow to
tp CDeterd)
mR- PAUhN Prd-A
A mcc
[DELH
L.Recipient]
 d
2 ComdibonReceipienthas Tax Inuoite, Delbit Nke
Other Tax paying document.

-Challan Bill aentry

fn cose a in cose a fmpork
Inoica
fssued
RCM
by Recipjent
Joodls Sesvite

Fsom onrsterea
Suppyer
The document bacts with IIC fs beîng taren Shoul
COntain at leqst follooing Delails
Amt Tax changed
_ ) Deccipkon a gods/cervites
fn) Total value aSpply-
(v GSIN ND a Cupir Recipíent
U Place a suppl-
No 1TL o tax paid touuards demands mvoluing fraud

d
Condition Taxdeviable on Subply actuallypaid
to9overnment
eleconi
gout TTC On electToniC
Cas

eTeeonit Oni Supplier Recaipien 1edger

r e d t r

( er

Pay Tax
 Dab
Pag-

u Condiions fiung a Refur

Kecipfent has fled Return fn form GSTR 338

TPROVISO to Sechon 16agoods Received Pn LOTS

TTC AVilabu ony on Rrcet
LAST LoT
D-59
Ex Foo AC Recd 7:2019
Inuoice for lO00 AC
ADD ACRecd IS;8:2019
Tota 1TC 50LaKhs
od AC Rerd IS12.20191
iTCon Antike
Invoilo INi
beallnutd on
1S:19.20D9

Proviso to secbon 16/) PaumentFor_Inuaila fo be-

madoitain_LBo daus

In event a failuie to doSo,

COxKeSpondin Caedits qyailed
byReceipient uwouud be Added
to his output Tax liab wiu
1- Nterect

IMeESt Amt
a6 x 18. x_ Pexiod
Caltlatiow ITC

Dat a Auailîng Dae when_

to
Chei Added to 0utbu
tax uab pai4
Pt 180 dans.
 Excebtions: This condikon apaumemt alueSuppy
plus tax uith în 120 alaus_cloes poE PP
O Ln case a RCM
0 Deemed Subpies without consjderatiou O ) |

( ) Adadibons maole tn tue Iolus alSubies

e ualit disput)

Note Re-availtng a cxeotit that had been_eversed

eg Recben pad vau + GLT to ppLer
NO- Time linitfor Reavailin_a edit
e Any m £xcepion atime Liait 01H

Ex Supplier 12-11:2019 Recipient

Supy
MR-PAV AN_ a00ds
1,1200O
LcUST 60TO, SUC7 &oTD
Lncludaol în Above AVculed
Vaue
6n iS-1-2019
DiscuSsMC Impicatiou
NOt py any pyment
towords GT+Vae
to mR PAvan.
Sol
 Pag
No ITC IE Depreciation fs claimed on Tax component 4 apita
go0ds
Capita) goods 1Oocpoo> Depricatiou chaged
(+) GST18 180coD ITC claimed thau pebrialjou
Tota 80,000 on 16,OD,OOD
E ITc NOE Claime thaA
Dep. on Sucu DeprratOU on 30000
vau TF TTC ADE
aimed

Time Limit_for availinq ITC

A Registeed peTSon Shall noEbe entiEled to tare input Tax
CGett fn espar y nou oFEBTE nOa for
Supply goods or servtes O6 Both
AAter due date a fumishing a4 etoim &STR 3/38
fax mont a spfembem follouo'ng he end a, EY-
I-e. 20 Oct
O
Furnishing a the selevan Annual Return YSTR-91
1:e ubto 31 Dec o Nt fy_
whicheuer fs legarie TT 000ot

Ex- Inyoita Dal >2BR2019 fy:19-30

GSTR-9 Ble : S]B20
ITC 50o000 Annua Ret)
lat oat for claim it

GSTR 3/38 Annual Ret

montu FY 19-D

e . o10 2oRO (pto 31:13:30)

6 : )8/20 al9£telal/

ITC
Sechon-1
Inuward Supplu O gaods ox services

Exclusively vsedL Exclusive ly Used Use Paty for

ForTaxahlt SuPhly for Exempted subly Taxabla zem Raked
ZxoRated supblyH Non Buiness bDrpose Business Anpose
Business urpose AND
USed ox_intended to be NO ITC Alloued Paxty for exempted
USed NOn Busness Purpose

looaIIL A Tota TICAllawed

Allouwed inihay4
Subseauenty poboro.
nat 1IC Related
exembt/ nos Business
Supby Reve1sed.

For e9

Ioput se Taxahlelzeo Rated| BusinecsPupse

A
tOO000TTC 11. ITC A lowea

s eUSe exempe Suppy

1o0o00 TTC ND LTC

ol8(2
 Page

pEciaProuision for Bancing company_, NBFc, Financial mshf.

ophon- opbon-R
ITC AUailed Asper Avai 50: ITC a d
aaty exempted or Re.maininq 501 Shal Lapse
Panty Taxablt:
e Aval lD. 1TC qrd Restichon o 501 Shall nDE
0)Reverse it in pply tD tox pad on
Rat A exempt Suppliesto anotner Reaístkre
Taxabt 1o wi Same Pa e Distinsxt
person
NOE-Ophon Onee Exerciseo
Can not be withdqwn curinq
Remanin1 Pat Year.

For e PNB Prouides the ollaw?nq intormatio for montu

NOV19
SYST
Inbut Tax credit 7360 2+360
Valu a4 Tmxabl Suphy IL.
Valus a exemp Sapply loL
Deted mine_ami a IT Qvailable to PNR.4ST Ratr 9. eGCh
Ex-3 Pn8 Bank
o p t Ophion to 50-1 Input put caedit
ITC lcyST S4s Availabie for month August 2019 90000
which fnclude
Ö Services Availed from_ Branch [elishnt person] 1800o
ii) Go0cds which 9Ke Used for þersona Vg a ee 22500
ii) AudIbn sesvices 195oD
Determine 9mt ITC Df AU Montu
 Ruu36 4)
NO) wnere fnvotce/DEbIE note has been upl0aee the
Suppue in hi YTR-4 Ful ITC Availed

TD where fnvofce DebitNOte hgs not been uploaced by sapþGer

T hh i s YSTR-4 >20. a Totày ITC tAken

OR
TCo.Invoito not uploaded by SuppTer
which evey i |lower

Ex-
loo Ivoilo uplood GLTR-1.
1 T C 6 L s P h g

TotaITCJOL
7:L
Recplent 6TL

TOtal 1TC= 10L oR

uplpadad
uplod Unupl00c : aL
7S

8:SL
A 10u0
6R
gpen

Stqpen
N

TOL
 Sechon 175): BlocKed Cxedits

Non etqible a cedit

Respect Followirgz
InDut Tax CIcdit Shall not be auailable in

Motor Vehicle!

USe for
TransporaEiou a

Goods
Passenger
ITC Alwas

Seating capacity Seaing cabatity allowed1

Lncluding dive Including daiver]
More tnau_13
upto 13
1TC Aluwa allowed

th Fuxther Supply a Other case

Vehicle
[maruti maru TC, NOt Alloude|
Deater

(ii) Transportation a A
Passengers[ cab Operafors

() Impaxfbq Training on DriNing.

L Drivin School-

ITC Allowed
 aa) Vessel & Aircral
Vse

Othes USC
Euxther Supply a Such
Vecsel 2 AircaKE
ITC NOE
i )Tqnsportatiou h passengers Allowed
(f) fmparhn training vessels Arcrakt
GV) Transpor.tatiou a cods
TC Aouwed

ab) Sexnvice Genera) Insurgne Senvicing, Repar, mainten-

ante a motor Vehicl AircrokE,Vessel

Cover Point USEd by manuiacture Other caSe

ITC NOEE
(a)
PHTCTaE,vessel Aowed
eg.mcCpUThe
ITC Albwed ITC NOE Taxabl person_
a car for Bkiness
under (a), a2)- Allowed engaed
(a),a)_ fn
Porpose 1TC
fUsthes supbly
NOE AJOwed.
11Ca4 these ITC othese these sevices
Seruites Allaed Seavices NOE
ITC Ajdw ed
AlDwed

these servicec> Leneral InsuranteSerVICing. Repait, maintenante

motp vehicla, AikCxse, vesse
(6) Food Beverageouddor catering Beauty Treaiment,
Health SETVices, Cosme bcs gnd plasbe SUg.eryske Heatu
LDsuran
A) USed for Poviding _outuard taxa ble supely a
Sgme Categoxy
aftrai dua
TTc Composit
Alloued y fa ftç5z> outdoor catering
USe 4
mixed
supply

B)40Venment as made it oblgatoy fo emplnyer

to poulade these Segvices
L ITC Alloweda

Dther 1TC NOE AlowedL

VSe
membership a club, healHy gnd fitness

01
CPntoe
Trave
Tel&sQmmNCtibn
BenekiE extended to emsajee e
on vacatiou
clude
Tower
AelinLai
JC wors cONTRACI SERVICES A i

USeol qs Inuard Other

iF immovabu prop. Supply for maping
ITC
is Plant 2 machinexy Outward supply NOE

ITC AH 10uwed aotK Controct Allbawed

SeTUTTES

/TC M)0urd
 14)
a_Construcbon o an îmmoauable ptperty other thau
2M
eITC Allbued construchon_a P2M
construchon oh imnovable popertty
for othr_Le:9DLEJ

Eg ConstarucKon sevites Lmaterial Used ConstxucHon_P2M

ITC Aowed
L, tonstruckon aj ek
LCommunicatiou tower
NOE Pe
1TC NOtE Allwed

e ) gcods ox seuice OK BotHa Tax paid bty CompDSitz_

Demler
InDuad supply a AAIP LExcept 1mfoxt a gods h NRTP
( g00ds or senuices UsedPfor essonal Consumbbion

(h 9ods Stolen
Destroyed
written ak or Disposed ef by qiafxee samble
LTC NDE Alloled

Tax paid in Qccokcdante

ulth ul Hu Recouery a Tdx fin case ay fxaud et
s 9 seizure, Detenbon a g0od
s 30 congisca tiou ag00
TTC NOE AH ToLved
 Mehodolay aapportionment o Comdi

Rule-4 noRu-43

Input Inpuf capijal goods

SeTVICPS

USE
Paty Bsness
ZPo Rated
Partly Busnets PastLy xempted
Taxabu
Porposezen Ratesl i exemple4| Suppy
TOxab Susnly- NON BUSineLs Spply,

h
Rule- 42 manner odetexminatio I TC
Respect a Tnbut or Inbup servicesS
and Reversal therto
Step 1Combutu Common CtrdiE

Total IIC n a tax period

)IIc that are fntended to be vted exclusivelyT
for non-Businecs pur pose
ITC that Que Intended to be _useq_ExclusivelyT
for exempt Supply
1TC thatQre îneliathle for (erdit ls 176)_

hus TC Cedited to electron ic

Ceolir ges
ITC that qre întended to be _psed excJusivey
fot taxable Cupply Înclvdinq zeo Ratd Supplje T
Common ITC qailable for
App Ortion ment Ca
Not I,L, Ta, Ty Shall be Determined gnd Declared Dtu Ehe
Reastered pesson at fnvoio Ieve in FORm GSTR-3

Step-2 Cred attributabla to exempE SuppLies

E: Valuu exempt Supply dunng tax beniod1

F Total Tlo durn taxperoo

NDfel E ND turnozer during the tax-perodvalues

not auailablo slalu for Lastperiad myhe
0ed

Step-3
Step-3 CTediE Qttrihutabler tonon-business Purbase_Da_
TnDutInDut sevices uSEd Poty for Business
or_PartHy for Aon-BuSness_Porboses

Da 5 . x C

Not D Gnd Das Ineliqíble crdit

be Added to outpuf tax tabi.

STebyRemaning Common edi euTble for.1TC

Ca-[D,+D]
Rule-43 mannex Availement a ITC o Capita qcodSS
Capital goods used n SLppy a Taxakle mdexEmpE

1 looITC Avai a Capita goads qnd Transer to

Electronic CediE ledger
ITC Aled
comput MonthyCoedit
AS SUmpkon: ife a Capa
ASSe 5yr
e 6o momihs
8 for next_6o mothsfdom the dat aDuchgse omput
monthIIC Qttxibutahl to exempked Suppy
monthy ITCX empked shppl-
XXX
Tota_suppla
This Amt to be Added to Output
ax GabiUH for every honth
atong wTth LotF 18. P.a

Daa aaylmentt Dat Adihoy

1TC
CesTR- Gab.

Fg mce Purchae_caplia 900ds on 114 2019 10,0000D

GST lg:1 Use Such apital goodk for exempt
TAxable Supply-
Montulg4 eempted Tlo >45L
montuhT9Xaslu 30L_
cal TTC Reversal.
 Page
Sechon-18: Availabtity aj CKecir fn specia circomStances.
S 18(1X
aperson who has Applied for Reg ístratiou under this
act uith in 30 dau fom the dat on which he becomes
Ciable to reqistratiou and
h a s baen qanted Such Gegistraton
qobds Shall be entitled to take crcdit aj Tnput ax Tax n_
Respect a
t Tnpuz held in stoCkK
UDInputs Comtained in semi- Finished goocls
npts contained in Einished goods held fn Stock
Cn the doy immedia teu precedLin the alatu m
which be beCome able topay tax under GST
GST

RE Recetved
Duin perod
T5-1019 Captray 31083019 5]8 205
CrOSsed TJo Puichase 90ods
1TC:20K hse APFy For
Gmit ITC-4OK RegistraEou
T AllDuwed
Inputr Finisrd capita
go.ods 900d
ITC:50k 1TC6ok ITC=IL
ITC AllCwrd 1TC
NOE
AlIOWed
130tb) A Person_obtaininq voluntar Regfstratiou
eolu Cedit enhtled on
c a p i t a l
J

Tnput as suca Held fn stock

Inbut contained în Semi-inished gods fn stuz
nhu Contained tn finished qo0os in SuK

On the dau fmmediately preceding the

Cati Regfsiiatio

s 18(t
Reoisteed person Suitching fvom

CombostEion Levy Regulgr Scheme

Cxedit entitled on
Input as Such held în Stock_
Inbuts containedin _semi Efnished 9oods in Sttk
InputsContained in fPnfshedq00ds fn stock
capftal gcods
CKedit a capital goods shall be Reduced
5 poftper MaNte yearar Part thereg.
fmm Dat 4 IDNaiW
on the day fmmediatey receding the date
Fom wnich he become able to pay tax under
Reglar Sche me.
 Page (20)
us18 ld) _Registesed person
exempt Subply=Becoming taxable
Suupply
Caedir enhtled on
Input as Such held fn Stock
Inbuts Contained in Semi- Finíshed goods in stok
Inputs Contained fn Bnished goods Pn stocK
capita) goods
Caedt a capital goock shal be Re ddued
ty 5 pointper ougrter or poxt these a oM_
Dati a Invoice.

dat
Onthe cay fmmediately pacceding t h e
From which Such Subblu becomes taxable

s 18a):A Regtstered -person Shallnot be entftled to take

inbut tax credit ondet Sub_sechon_(1) fn ReSpec
a Ony Supply tohim ajter expfry 4one
yéay from the dat a4 fscu a Tax nuoite
Relating to such Subhly
Nota An electonic declaratiou fn FoRM 4ST IIC O Shall be
mado eu the reaistered person 1th in 30 days o
Such extemled time by Commissioner fwm AValment_a4
ITC Us 18(0.

Not his declarabon Shall be Cert4ied ky Practicin

CALCmA i e the claim 04 ITC 300000
 Ofe

US 13(3) Transter LTG

onaccon1 4-

Sate, merzer,demerge Cteoti- Sold,nerged

amalgamatioulease A Th t o Amalgamated
Businec
bnuhliSed
T to Electonit
TC quallabte fn Cred1edeer
Ckeclit ledper-

Nota A cextiticati a CA CMAis to be furnished and

transter detailk to be accepted by the trans4ere

NoG Tn Case a demer erKedi- Shall be trgnserred

t o tne Newenbtjes in Ratio a Net assets
0S 18u) + 29G)
)
Regfstered person suitching from eqular Schemeto
CompoSihon levy

U spÞGes o Registered person 9eteing wholly exempEcd

FODm Tax
OR
(P
CD_Cancellatiou a Registratiou s 296)-

Amoun to be teversed is equLiva lent to 1TC oh

Input held tn StocK

Imput contafned fn semi-Finished ot FFnithed g0oos in Stek
capta gools
ondau4 Immediately fxeceding__dat a Switch aUer
exemphiondati a concellatin aReafstratioler

manner Q Reuersal a4 credit Rul u

O Inpuis Paoportionae reversa based on corresponding Invoj
on the eKhechve date s u t c h over exempéed

dala concellatiolu o Registratou Shod be

Oged w¥h duu Certicatiou by a CA CmA.

iF Invoiu is not_Availabla Reversali hasedon

Pre vailinq matkeprie
Tnput
t capita g0ods: ReveTsa) n Pro-rata b4sis pertaining to

Remaining vseful LGe in months (Ful)

L5 y gmoring Part a moty

Not- Amt o Reversa will be added to utput tax t s t G a b i i y .

 Pg

Secbon 136) Supply a4 capital godsFant gnd machineay

Ater se as scrap

Revertal a 1 Kevexsaa ITC

Salh Salt valut x Rat Tax Y 0) Sale vaue x Rati a Tax

OR
) TC 5:lo er Luaxter or
Dor Red uces

which ever is higher-