Documentary requirements and conditions for claiming input tax credit

Rule 1 of draft GST ITC Rules requires that 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) a debit note issued by a supplier in accordance with the provisions of Section 34 ;

c) a bill of entry;

d) an invoice issued in accordance with the provisions of clause (f) of sub-section (3) of Section 31;

e) a document issued by an Input Service Distributor in accordance with the provisions of sub-rule (1) of rule invoice.7;

f) a document issued by an Input Service Distributor, as prescribed in clause (g) of sub-rule (1) of rule 4

Issue

The aforesaid Rule fails to cover the documents where inputs/capital goods are imported by post or Courier.

Suggestion

It is suggested that rules be amended to include the documents where inputs/capital goods are imported by post or Courier.

Source ICAI Suggestions on GST Rules Submitted to Govt of India