(1) The input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of the following documents, namely,-
(a) an invoice issued by the supplier of goods or services or both in accordance with the provisions of section 31;
(b) an invoice issued in accordance with the provisions of clause (f) of sub-section (3) of section 31, subject to the payment of tax;
(c) a debit note issued by a supplier in accordance with the provisions of section 34;
(d) a bill of entry or any similar document prescribed under the Customs Act, 1962 or rules made thereunder for the assessment of integrated tax on imports;
(e) an Input Service Distributor invoice or Input Service Distributor credit note or any document issued by an Input Service Distributor in accordance with the provisions of sub-rule (1) of rule 54.
(2) Input tax credit shall be availed by a registered person only if all the applicable particulars as specified in the provisions of Chapter VI are contained in the said document, 11[and the relevant information, as contained in the said document, is furnished in FORM GSTR-2 by such person].
1[Provided that if the said document does not contain all the specified particulars but contains the details of the amount of tax charged, description of goods or services, total value of supply of goods or services or both, GSTIN of the supplier and recipient and place of supply in case of inter-State supply, input tax credit may be availed by such registered person.]
(3) No input tax credit shall be availed by a registered person in respect of any tax that has been paid in pursuance of any order where any demand has been confirmed on account of any fraud, willful misstatement or suppression of facts.
2 10[(4) No input tax credit shall be availed by a registered person in respect of invoices or debit notes the details of which are required to be furnished under sub-section (1) of section 37 unless,-
(a) the details of such invoices or debit notes have been furnished by the supplier in the statement of outward supplies in FORM GSTR-1 or using the invoice furnishing facility; and
(b) the details of 12[input tax credit in respect of] such invoices or debit notes have been communicated to the registered person in FORM GSTR-2B under sub-rule (7) of rule 60.]
  1. Inserted vide Notification No. 39/2018-CT dated 4th September, w.e.f. 4-9-2018.
  2. Inserted vide Notification No. 49/2019-CT dated 9th Oct, 2019 w.e.f. 9-10-2019.
  3. Substituted vide Notification No. 75/2019-CT dated 26th Dec, 2019 w.e.f. 1-1-2020, earlier read as “20%”
  4. Inserted vide Notification No. 30/2020-CT dated 3rd Apr, 2020 w.e.f. 3-4-2020.
  5. Substituted vide Notification No. 94/2020-CT dated 22nd Dec, 2020 w.e.f. 1-1-2021, earlier read as “uploaded”
  6. Substituted vide Notification No. 94/2020-CT dated 22nd Dec, 2020 w.e.f. 1-1-2021, earlier read as “by the suppliers under sub-section (1) of section 37”
  7. Substituted vide Notification No. 94/2020-CT dated 22nd Dec, 2020 w.e.f. 1-1-2021, earlier read as “10 per cent”
  8. Inserted vide Notification No. 13/2021-CT dated 1st May, 2021 w.e.f. 1-5-2021.
  9. Substituted vide Notification No. 27/2021-CT dated 1st June, 2021, w.e.f. 1-6-2021, earlier read as
    “Provided further that such condition shall apply cumulatively for the period April and May, 2021 and the return in FORM GSTR-3B for the tax period May, 2021 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.”
  10. Substituted vide Notification No. 40/2021-CT dated 29th Dec, 2021 w.e.f. 1-1-2022, earlier read as –
    (4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been 5[furnished] in 6[FORM GSTR-1 or using the invoice furnishing facility], shall not exceed 3 7[5 per cent.] of the eligible credit available in respect of invoices or debit notes the details of which have been 5[furnished] by the suppliers under sub-section (1) of section 37.]
    4[Provided that the said condition shall apply cumulatively for the period February, March, April, May, June, July and August, 2020 and the return in FORM GSTR-3B for the tax period September, 2020 shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.]
    8 9[Provided further that such condition shall apply cumulatively for the period April, May and June, 2021 and the return in FORM GSTR-3B for the tax period June, 2021 or quarter ending June, 2021, as the case may be, shall be furnished with the cumulative adjustment of input tax credit for the said months in accordance with the condition above.]
  11. Omitted vide Notification No. 19/2022-CT, dated 28th Sept, 2022, w.e.f. 1-10-2022.
  12. Inserted vide Notification No. 19/2022-CT, dated 28th Sept, 2022, w.e.f. 1-10-2022.