Input tax credit can be claimed only on the basis of original purchase tax invoice issued by registered selling dealer. A registered dealer can claim input tax credit on his purchases, if he holds a valid Tax Invoice/ bill at the time of furnishing his return to assessing authority.

In case of loss of original invoice:

Input tax credit can be claimed on the basis of duplicate/ carbon copy of the invoice obtained from the selling dealer.

Transactions not eligible for input tax credit:
(a) sale of exempted goods
(b) purchase of goods from outside the State
(c) goods purchased in the course of business, but used for personal facility of proprietor, partner or director
(d) goods damaged in transit
(e) goods stolen, destroyed or lost
(f) goods sold in the course of inter-state sale without support of C Form
(g) goods transferred to outside the State for sale either by branch or agent without support of Form F
(h) goods returned

Mr. Neeraj Sharma

Neeraj Electronics

CEO, Neeraj Electronics
Jorhat, India

Free Member, Joined :06/09/2007
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