Question 26 - Where the goods against an invoice are received in lots or instalments, how will a registered taxable person be entitled to ITC? - FAQ on GST dated 21.9.2016 based on Draft Model GST

Q 26. Where the goods against an invoice are received in lots or instalments, how will  a registered taxable person be entitled to ITC?

Ans. As per proviso to section 16(11) of the MGL, the registered taxable person shall be entitled to the credit upon receipt of the last lot or installment.