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Manner of claiming credit in special circumstances

Rule 5 - Final Rules (Draft) - Input Tax Credit - GST - Input Tax Credit - Final Draft Rules 18-5-2017 - Rule 5 - 5. (1) Input tax credit claimed in accordance with the provisions of sub-section (1) of section 18 on the inputs held in sto .....

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> (a) The input tax credit on capital goods, in terms of clauses (c) and (d) of sub-section (1) of section 18, shall be claimed after reducing the tax paid on such capital goods by five percentage points per quarter of a year or part thereof from the .....

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on (1) of section 18 shall make a declaration, electronically, on the Common Portal in FORM GST ITC-01 to the effect that he is eligible to avail of input tax credit as aforesaid. (c) The declaration under clause (b) shall clearly specify .....

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he provisions of the Act, in the case of a claim under clause (a) of subsection (1) of section 18, (ii) on the day immediately preceding the date of grant of registration, in the case of a claim under clause (b) of sub-section (1) of secti .....

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date from which supplies made by the registered person becomes taxable, in the case of a claim under clause (d) of subsection (1) of section 18. (d) The details furnished in the declaration under clause (b) shall be duly certified by a pra .....

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