Input Tax Credit (ITC) – Conditions to Claim

Input Tax Credit (ITC) lets you set off GST paid on purchases against GST on sales.

Basic Conditions

1. You are registered – ITC only for registered persons
2. Supplier has filed – Supplier must have filed GSTR-1; the invoice must appear in your GSTR-2B
3. Invoice has GST – Valid tax invoice with GSTIN
4. Goods received – For goods, you must have received them
5. Not blocked – Certain items (e.g. motor vehicles for personal use) don’t get ITC

Time Limit

Claim ITC by the earlier of:

• Due date of GSTR-3B for September of next FY, or
• Date of filing annual return

Common Mistakes

• Claiming without matching invoices in GSTR-2B
• Claiming on non-business purchases
• Missing the time limit

Stockkeeper tracks purchase invoices. Ensure your records match GSTR-2B for smooth ITC. Join the waitlist.