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What are the conditions necessary for obtaining ITC?

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As per Section 16(11) of the MGL, following four conditions are stipulated:

  1. The registered taxable person should be in possession of tax paying document issued by a supplier;
  2. The taxable person must have received the goods and / or services;
  3. The tax charged on such supply has been actually paid to the government either in cash or through utilization of input tax credit; and
  4. The taxable person should have furnished the return under section 27.
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