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Conditions for claiming credit under – Sec 18(1)

Conditions for claiming credit under – Sec 18(1)

  • Purchase invoice should not be earlier than 1 year from the relevant date
  • Declaration in Form GST ITC-01 to be filed within 30 days from the date of him becoming eligible
  • Details of Inputs held in stock / semi finished or finished goods and capital goods to be furnished in Form GST ITC-01 within 30 days from the relevant date
  • Declaration in Form GST ITC-01 to be certified by a practicing Chartered Accountant or Cost Accountant if the value of credit claimed exceeds Rs. 2,00,000
GST-Goods and Service Tax | Tina Saha |