GST Exam > GST Notes > Goods and Service Tax Forms > Final Input Tax Credit Formats - Goods and Service Tax 17.05.2017
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1
GOODS AND SERVICES TAX RULES, 2017
INPUT TAX CREDIT FORMATS
14-05-2017
List of Forms
Page 2
1
GOODS AND SERVICES TAX RULES, 2017
INPUT TAX CREDIT FORMATS
14-05-2017
List of Forms
2
Sr. No. Form No.
Description
1. Form GST ITC – 1
Declaration for claim of input tax credit under sub-section (1) of section 18.
2. Form GST ITC – 2
Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a
business under sub-section (3) of section 18.
3. Form GST ITC – 3
Declaration for intimation of ITC reversal on inputs, inputs contained in semi-finished and finished
goods and capital goods in stock under sub-section (4) of section 18.
4. Form GST ITC – 4
Details of goods/capital goods sent to job worker and received back.
Page 3
1
GOODS AND SERVICES TAX RULES, 2017
INPUT TAX CREDIT FORMATS
14-05-2017
List of Forms
2
Sr. No. Form No.
Description
1. Form GST ITC – 1
Declaration for claim of input tax credit under sub-section (1) of section 18.
2. Form GST ITC – 2
Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a
business under sub-section (3) of section 18.
3. Form GST ITC – 3
Declaration for intimation of ITC reversal on inputs, inputs contained in semi-finished and finished
goods and capital goods in stock under sub-section (4) of section 18.
4. Form GST ITC – 4
Details of goods/capital goods sent to job worker and received back.
3
Form GST ITC – 1
[See Rule _____]
Declaration for claim of input tax credit under sub-section (1) of section 18
Claim made under
Section 18 (1)(a)
Section 18 (1)(b)
Section 18 (1)(c)
Section 18 (1)(d)
1. GSTIN
2. Legal name
3. Trade name, if any
4. Date from which liability to pay tax arises under section 9,
except section 9 (3) and section 9 (4)
[For claim under section 18 (1)(a) and section 18 (1)(c))]
5. Date of grant of voluntary registration
[For claim made under section 18 (1)(b)]
6. Date on which goods or services becomes taxable
[For claim made under section 18 (1)(d)]
Page 4
1
GOODS AND SERVICES TAX RULES, 2017
INPUT TAX CREDIT FORMATS
14-05-2017
List of Forms
2
Sr. No. Form No.
Description
1. Form GST ITC – 1
Declaration for claim of input tax credit under sub-section (1) of section 18.
2. Form GST ITC – 2
Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a
business under sub-section (3) of section 18.
3. Form GST ITC – 3
Declaration for intimation of ITC reversal on inputs, inputs contained in semi-finished and finished
goods and capital goods in stock under sub-section (4) of section 18.
4. Form GST ITC – 4
Details of goods/capital goods sent to job worker and received back.
3
Form GST ITC – 1
[See Rule _____]
Declaration for claim of input tax credit under sub-section (1) of section 18
Claim made under
Section 18 (1)(a)
Section 18 (1)(b)
Section 18 (1)(c)
Section 18 (1)(d)
1. GSTIN
2. Legal name
3. Trade name, if any
4. Date from which liability to pay tax arises under section 9,
except section 9 (3) and section 9 (4)
[For claim under section 18 (1)(a) and section 18 (1)(c))]
5. Date of grant of voluntary registration
[For claim made under section 18 (1)(b)]
6. Date on which goods or services becomes taxable
[For claim made under section 18 (1)(d)]
4
7. Claim under section 18 (1) (a) or section 18 (1) (b)
Details of stock of inputs and inputs contained in semi-finished goods or finished goods on which ITC is claimed
• In case it is not feasible to identify invoice, the principle of first-in-first out may be followed.
Sr.
No.
GSTIN/
Registra
tion
under
CX/
VAT of
supplier
Invoice *
Description of
inputs held in
stock, inputs
contained in
semi-finished
or finished
goods held in
stock
Unit
Quantit
y
Code
(UQC)
Quant
ity
Value
(As adjusted by
debit note/credit
note)
Amount of ITC claimed (Rs.)
No. Date CGST SGST UTGST IGST Cess
1 2 3 4 5 6 7 8 9 10 11 12 13
7 (a) Inputs held in stock
7 (b) Inputs contained in semi-finished or finished goods held in stock
Page 5
1
GOODS AND SERVICES TAX RULES, 2017
INPUT TAX CREDIT FORMATS
14-05-2017
List of Forms
2
Sr. No. Form No.
Description
1. Form GST ITC – 1
Declaration for claim of input tax credit under sub-section (1) of section 18.
2. Form GST ITC – 2
Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a
business under sub-section (3) of section 18.
3. Form GST ITC – 3
Declaration for intimation of ITC reversal on inputs, inputs contained in semi-finished and finished
goods and capital goods in stock under sub-section (4) of section 18.
4. Form GST ITC – 4
Details of goods/capital goods sent to job worker and received back.
3
Form GST ITC – 1
[See Rule _____]
Declaration for claim of input tax credit under sub-section (1) of section 18
Claim made under
Section 18 (1)(a)
Section 18 (1)(b)
Section 18 (1)(c)
Section 18 (1)(d)
1. GSTIN
2. Legal name
3. Trade name, if any
4. Date from which liability to pay tax arises under section 9,
except section 9 (3) and section 9 (4)
[For claim under section 18 (1)(a) and section 18 (1)(c))]
5. Date of grant of voluntary registration
[For claim made under section 18 (1)(b)]
6. Date on which goods or services becomes taxable
[For claim made under section 18 (1)(d)]
4
7. Claim under section 18 (1) (a) or section 18 (1) (b)
Details of stock of inputs and inputs contained in semi-finished goods or finished goods on which ITC is claimed
• In case it is not feasible to identify invoice, the principle of first-in-first out may be followed.
Sr.
No.
GSTIN/
Registra
tion
under
CX/
VAT of
supplier
Invoice *
Description of
inputs held in
stock, inputs
contained in
semi-finished
or finished
goods held in
stock
Unit
Quantit
y
Code
(UQC)
Quant
ity
Value
(As adjusted by
debit note/credit
note)
Amount of ITC claimed (Rs.)
No. Date CGST SGST UTGST IGST Cess
1 2 3 4 5 6 7 8 9 10 11 12 13
7 (a) Inputs held in stock
7 (b) Inputs contained in semi-finished or finished goods held in stock
5
8. Claim under section 18 (1) (c) or section 18 (1)(d)
Details of stock of inputs, inputs contained in semi-finished goods or finished goods and capital goods on which ITC is claimed
* In case it is not feasible to identify invoice, principle of first in and first out may be followed.
** The value of capital goods shall be the invoice value reduced by five percentage points per quarter of a year or part thereof from the date of invoice
9. Particulars of certifying Chartered Accountant or Cost Accountant [where applicable]
a) Name of the Firm issuing certificate
b) Name of the certifying Chartered Accountant/Cost Accountant
c) Membership number
d) Date of issuance of certificate
e) Attachment (option for uploading certificate)
Sr.
No.
GSTIN/
Registra
tion
under
CX/
VAT of
supplier
Invoice */
Bill of
entry
Description of
inputs held in
stock, inputs
contained in
semi-finished or
finished goods
held in stock,
capital goods
Unit
Quantity
Code
(UQC)
Qty Value**
(As
adjusted
by debit
note/cre
dit note)
Amount of ITC claimed (Rs.)
No. Date CGST SGST UTGST IGST Cess
1 2 3 4 5 6 7 8 9 1010 11 12 13
8 (a) Inputs held in stock
8 (b) Inputs contained in semi-finished or finished goods held in stock
8 (c) Capital goods in stock
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FAQs on Final Input Tax Credit Formats - Goods and Service Tax 17.05.2017 - Goods and Service Tax Forms - GST
| 1. What is Input Tax Credit under Goods and Service Tax? |  |
Ans. Input Tax Credit (ITC) is a mechanism under Goods and Service Tax (GST) that allows taxpayers to claim credit for the taxes paid on their purchases or input goods and services. This credit can be utilized to offset the tax liability on the output goods and services.
| 2. Can I claim Input Tax Credit on all purchases made under GST? | |
Ans. No, you cannot claim Input Tax Credit on all purchases made under GST. Input Tax Credit can only be claimed for purchases that are used for business purposes and are eligible as per the GST law. Additionally, certain goods and services, such as motor vehicles and food and beverages, have restrictions on claiming Input Tax Credit.
| 3. How to calculate Input Tax Credit under GST? | |
Ans. To calculate Input Tax Credit under GST, you need to add up all the eligible input taxes paid on your purchases and subtract any ineligible taxes. The resulting amount can be claimed as Input Tax Credit and deducted from your tax liability on the output goods and services.
| 4. Is there a time limit for claiming Input Tax Credit under GST? | |
Ans. Yes, there is a time limit for claiming Input Tax Credit under GST. You can claim Input Tax Credit for a particular tax period until the due date of furnishing the annual return for the financial year or the actual filing of the annual return, whichever is earlier.
| 5. What are the documents required to claim Input Tax Credit under GST? | |
Ans. To claim Input Tax Credit under GST, you need to possess certain documents including tax invoices, debit notes, supplementary invoices, and certain other prescribed documents. These documents should contain specific details such as the GSTIN of the supplier, description of goods or services, tax amount, etc. It is important to maintain proper documentation to substantiate your claim for Input Tax Credit.
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