<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">ITC can be claimed by a person registered under GST </span><span style="color:black">only if he fulfills ALL the&nbsp;conditions&nbsp;as</span><span style="color:#1e314f"> prescribed.</span></span></span></p>

<p style="text-align:justify">&nbsp;</p>

<ul>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">The dealer should be in possession of tax invoice</span></span></span></li>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">The said goods/services have been received</span></span></span></li>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">Returns have been filed.</span></span></span></li>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">The tax charged has been paid to the government by the supplier.</span></span></span></li>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">When goods are received in installments ITC can be claimed only when the last lot is received.</span></span></span></li>
	<li style="text-align: justify;"><span style="font-size:14px"><span style="background-color:white"><span style="color:#1e314f">No ITC will be allowed if depreciation has been claimed on tax component of a capital good</span></span></span></li>
</ul>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:#f8f8f8"><u><span style="color:black">A person registered under composition scheme in GST cannot claim ITC.</span></u></span></span></p>