Documents on the basis of which Input Tax credit can be availed

 Input Tax Credit (ITC) can be taken on the basis of following documents:-

• Invoice issued by a supplier of goods or services or both.

• Invoice issued by recipient along with proof of payment of tax.

•  Debit note issued by supplier.

• Bill of entry or similar document prescribed under Customs Act.

•  Revised invoiceDocument issued by Input Service Distributor.

INPUT TAX CREDIT AVAILMENT AND UTILISATION

How to avail and utilise the credit of these taxes:

  

• Credit of CGST should be utilised first for payment of CGST and than for payment of IGST.

• Credit of SGST/UGST should be utilised first for payment of SGST/UGST and than for payment of IGST.

• Credit of IGST should be utilised first for payment of IGST then for the payment of CGST and at last for the payment of SGST/UGST.

Note: Credit of CGST cannot be used for payment of SGST/UTGST
                                                          and 
          Credit of SGST/UTGST cannot be utilised for payment of CGST.