The document discusses input tax credit under the Goods and Services Tax (GST) in India. It defines key terms like input tax, input goods, input services, and capital goods. It explains that input tax credit can be claimed for integrated GST, central GST, state GST, and union territory GST charged on goods or services received. The document also outlines conditions for claiming input tax credit, eligible and ineligible goods/services, restrictions, valuation rules, timing of payment, and other details regarding utilization and availment of input tax credit under GST.

1. GST - INPUT TAX1
Input Tax Credit under GST
Input Tax Credit under GST

2. Input tax
in relation
to a
registered
person
means:
IGST,
CGST,
SGST &
UTGST
Charged on
any supply
of Goods
and / or
Services to
him
And
includes
IGST on
imports
and tax
payable
u/s. 9(3)
&(4), and
5(3) & (4)
of IGST
Act
GST - INPUT TAX2

3. Input Tax
GST - INPUT TAX3
“Input ”
means:
any goods other than capital
goods, used or intended to be
used by a supplier in the
course or furtherance of
business.
“Input Service”
means:
any service used or intended to be
used by a supplier in the course or
furtherance of business

4. Capital Goods
GST - INPUT TAX4
“Capital
goods”
means
Goods, the value of which is capitalized in the
books of accounts of the person
claiming the input tax credit
and which are used or intended to be used in
the course or furtherance of business;

5. ITC – MANNER OF UTILISATION
GST - INPUT TAX5
IGST
Credit
Payment of IGST
Payment of CGST
Payment of SGST

6. ITC – MANNER OF UTILISATION
GST - INPUT TAX6
CGST
Credit
Payment of CGST
Payment of IGST
Payment of SGST

7. ITC – MANNER OF UTILISATION
GST - INPUT TAX7
SGST
Credit
Payment of SGST
Payment of IGST
Payment of CGST

8. EligibilityandconditionsfortakingInputTaxCredit
GST - INPUT TAX8
Every registered
person shall,
subject to such
conditions and
restrictions as
may be prescribed
and in the
manner
specified
be entitled to
take credit of
input tax
charged on
any supply of
goods or
services or
both to him
which are used or
intended to be
used in the course
or furtherance of
his business and
the said amount
shall be credited
to the electronic
credit ledger of
such person:

9. Conditions
GST - INPUT TAX9
• he is in possession of a tax invoice or
debit note issued by a supplier registered
under this Act, or such other document(s)
as may be prescribed;
• he has received the goods and/or
services;
• The tax charged in respect of such supply
has been actually paid to the Government,
either in cash or through utilization of
input tax credit admissible in respect of
the said supply; and
• he has furnished the return:
Notwithstanding
anything contained in
this section, no RP
shall be entitled to the
credit of any input tax
in respect of any
supply of goods and/or
services to him
unless,-

10. Input tax credit – New features
GST - INPUT TAX10
Unless the supplier has paid the tax in
respect of the supply and the recipient
has filed his return, the ITC of the
recipient would not be confirmed.
A taxable person who has not furnished
a valid return, shall not be allowed to
utilize such credit till he discharges his
self-assessed tax liability.

11. Goods / Services on which ITC is
ineligible
GST - INPUT TAX11
Motor Vehicle
(with few
exemptions)
Outdoor Catering
Food & Beverages
Health Services
Beauty Treatment
Cosmetic & Plastic
Surgery
Health & Fitness
Centre
Life insurance &
Health Insurance
Rent-a-Cab
Goods Lost, Stolen
or destroyed
Gift / Free samples
Goods/Service used
for construction
(other than P&M)
Goods/Services used
for personal
consumption
If depreciation on the
tax component of the
capital good is
claimed under IT
Act,1961
works contract
services when
supplied for
construction of
immovable (other
than plant and
machinery)

12. Supply in lots & delayed payment to vendors
GST - INPUT TAX12
• The RP shall be entitled to take
credit upon receipt of the last lot or
instalment
Goods against an
invoice are received in
lots or instalments
• Within 180 days from date of
invoice
• input tax credit availed with interest
thereon should added to recipient's
Output tax liability
Recipient fails to pay to
the supplier of goods or
services value of
supply and tax
• on payment towards the value of
supply of goods or services or both
along with tax payable
The recipient shall be
entitled to avail of the
credit of input tax

13. Other restrictions
GST - INPUT TAX13
Invoice date Date of Filing
Annual Return
Date of Filing
September return
Last date for taking
credit
02-Apr-2017 31-Dec-2018 20-Oct-2018
31-Mar-2018 20-Jun-2018 20-Oct-2018
01-Feb-2018 31-Dec-2018 21-Nov-2018
For eg: Financial Year 2017-18
Due date of filing Annual Return : 31-12-2018
Due date of filing Monthly Return for September 2018 : 20-10-2018
A RP shall not be entitled to take input tax credit in respect of any invoice
or debit note after furnishing of the return for the month of September
following the end of financial year to which such invoice or invoice
relating to such debit note pertains OR furnishing of the relevant annual
return, whichever is earlier
20-Oct-2018
20-Jun-2018
20-Oct-2018

14. Credit on Stock – Exempt supply becomes
taxable supply
GST - INPUT TAX14
Where an exempt supply by a RP becomes a taxable supply,
such person shall be entitled to take credit of input tax in
respect of inputs stock and inputs contained in SFG/FG stock
relatable to such exempt supply; and
on capital goods exclusively used for such exempt supply on
the day immediately preceding the date from which such
supply becomes taxable

15. Valuation
GST - INPUT TAX15
Normally ‘the
transaction value is
the price actually
paid or payable,
unless influenced by
any other factors;
Common for all three
taxes and also
common for goods
and services.
Valuation Rules is
required only in cases
where consideration
payable is not in
money, or transaction
between related
parties.

16. Normal taxpayer on monthly basis by the 20th of the Next month.
For the month of March shall be paid by the 20th of April.
Composition tax payers on quarterly basis.
Timing of payment will be from 00.00 Hrs to 20.00 Hrs.
Payment of tax
GST - INPUT TAX16

17. THANK YOU……
SHIVAPRASAD
Mob : 999 599 1059
GST - INPUT TAX17