When can a registered taxable person avail credit of the taxes paid on inward supplies of services? : Care Desk

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When can a registered taxable person avail credit of the taxes paid on inward supplies of services?

Modified on: Thu, 6 Jul, 2017 at 4:43 PM

A registered taxable person shall be entitled to avail credit of any input tax in respect of a supply of services provided:

He is in possession of a tax invoice or debit note issued by a supplier registered under GST or such other tax paying documents as may be prescribed.
He has received the services
Tax charged in respect of such supply has been actually paid to the Government
He has furnished the return as prescribed under the law.

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