GST: The CBIC has issued circular to clarify that input tax credit may be available to the registered person on receipt of goods by the said registered person from the supplier at his (supplier’s) factory gate or business premises where the contract between the supplier and recipient is an Ex-Works contract.

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GST:

The CBIC has issued circular to clarify that input tax credit may be available to the registered person on receipt of goods by the said registered person from the supplier at his (supplier’s) factory gate or business premises where the contract between the supplier and recipient is an Ex-Works contract.

[Circular No. 241/35/2024-GST dated 31.12.2024]