Question 25 - What are the conditions necessary for obtaining ITC? - FAQ on GST dated 21.9.2016 based on Draft Model GST

Q 25. What are the conditions necessary for obtaining ITC? Ans. As per Section 16(11) of the MGL, following four conditions are stipulated: (a) The registered taxable person should be in possession of tax paying document issued by a supplier; (b) The taxable person must have received the goods and / or services; (c) The tax charged on such supply has been actually paid to the government either in cash or through utilization of input tax credit; and (d) The taxable person should have furnished the return under section 27.