8 Essential Conditions for Claiming Input Tax Credit (ITC) Under GST ✅ | Section 16

8 Essential Conditions for Claiming Input Tax Credit (ITC) Under GST ✅ | Section 16

Claiming Input Tax Credit (ITC) can feel like a dream come true—if you know the right conditions! In this video, we break down the 8 must-follow GST rules that ensure a smooth ITC claim every time.

What’s Covered:
1️⃣ Valid tax-paying documents (invoice or debit note)
2️⃣ Correct reflection of invoices in your GSTR-2B (supplier’s GSTR-1 filing)
3️⃣ Actual receipt of goods or services
4️⃣ Tax paid to the government by the supplier
5️⃣ Proper filing of your GSTR-3B return
6️⃣ No depreciation claim on tax component of capital goods
Others

By following these rules, you’ll streamline your ITC claims, avoid compliance issues, and keep your business running smoothly!

Key Topics:

Essential GST conditions for ITC
Accurate GSTR-1, GSTR-2B, and GSTR-3B filings
Ensuring supplier compliance for smooth ITC claims
Managing capital goods and depreciation rules

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Видео 8 Essential Conditions for Claiming Input Tax Credit (ITC) Under GST ✅ | Section 16 канала CA Prateek Mitruka