Any registered person will be entitled to claim Input Tax Credit only upon fulfillment of the following conditions:- +
• He is in possession of tax invoice/ debit note issued by a registered supplier or any other prescribed tax paying documents.
• He has received the goods or services or both.
• The tax charged on such supply has actually been paid to the Government by the supplier (by way of cash or by utilizing input tax credit)
• He has furnished a valid return.
CAclubindia
