Law stated in this book is as updated till 1st February, 2026
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CHAPTER
SAMPLE CHAPTER
Wide definition of input, input services and capital goods
Burden of proof on taxable person availing input tax credit
Input Tax Credit is in nature of benefit/concession can be only as per provisions of statute -
ALD Automotive (P) Ltd CTO
CCGST Safari Retreats (P.) Ltd.
CCE Annapurna Industries
ITC available is as good as tax paid CCE New Swadeshi Sugar Mills
Distinction between Input and Raw Material
State of Jharkhand Linde India Ltd.
Flow of Input Tax Credit
Para 9.1
Dy Commissioner, Sale Tax Thomas Stephen Co. Ltd.
& Co.
J K Woollen Manufacturers CIT S A Builders CIT
Shiv Raj Gupta CIT CIT Walchand
Hero Cycles CIT
9.2
Input tax credit available only if supplier of goods and services has deposited the tax with Government c and section 43A
No mechanism to know whether supplier of goods or services has paid the tax
Input Tax Credit available if tax invoice contains minimum specified details, even if it does not contain all required details -
Para 9.2
30th day of November vide vide
Thirumalakonda Plywoods Assistant Commissioner - State Tax, Circle-1 Gobinda Construction UOI
Shanti Motors UOI Gobinda Construction v. Union of India
Jain Brothers UOI
Adi Enterprises In re ITC in respect of FYs 2017-18 to 2020-21 can be taken any time upto 30-11-2021 – Relaxation has been given in respect of period upto FY 2020-21, as follows -Notwithstanding anything contained in section 16(4), in respect of an invoice or debit note for supply of goods or services or both pertaining to the Financial Years 2017-18, 2018-19, 2019-20 and 2020-21, the registered person shall be entitled to take input tax credit in any return under section 39 which is filed upto the thirtieth day of November, 2021 167 Para 9.2
Para 9.2
ITC during period of cancellation of GST Registration and its revocation
No refund of tax paid or ITC reversed even if section 16(5) and section 16(6) amended with retrospective effect
Input tax credit when GST paid under reverse charge beyond November of next financial year
ITC not available if tax invoice issued beyond November of next year Vishnu Chemicals Ltd. In re
Debit note with GST can be issued in any subsequent financial year also
Financial year in which the debit note issued is relevant for ITC and not date of underlying invoice vide
Input Tax Credit on basis of debit note if with GST
I-tech Plast India P Ltd., In re
Statute can prescribe time limit for availing Input Tax Credit ALD Automotive (P) Ltd CTO Input Tax Credit on basis of receipt voucher? L&T IHI Consortium
b
ba the details of input tax credit in respect of the said supply communicated to such registered person under section 38 has not been restricted
c vide vide
d
Inputs or capital goods received in instalments proviso
ITC eligible only if supplier uploads details of his outward supply in his GSTR-1 and these appear in GSTR-2B of the recipient
No ITC if supplier does not upload his invoice in his GSTR-1 or GSTR-1A and/or invoice details do not appear in GSTR-2B of recipient a as amended in FORM GSTR-1A if any, b
Para 9.3
Provision for financial years 2017-18 and 2018-19
Provision as applicable during 9-10-2019 to 1-1-2022
furnished 5%
furnished
Input tax credit available only if supplier of goods and services has deposited the tax with Government
CTT, Delhi Shanti Kiran India bona fide
McLeod Russel India UOI
National Plasto Moulding State of Assam
Aastha Enterprises State of Bihar Muhammed Abdul Saini State Tax Officer Baby Marine UOI
Provision applies to previous seller also? Vimal Alloys P Ltd. In re i.e. i.e.
Delivery to transporter or any person on direction of recipient by supplier is sufficient to take input tax credit
Explanation
Explanation vide
Explanation
The goods can be ‘received’ by recipient anywhere, need not be in factory or godown or showroom b
Delivery of goods to transporter by suppliers delivery to the recipient prima facie
Manwar Tent Factory UOI
GST READY RECKONER
AUTHOR : V.S.
Datey
PUBLISHER : Taxmann
DATE OF PUBLICATION : February 2026
EDITION : 28th Edition | 2026
ISBN NO : 9789375610441
NO. OF PAGES : 1392
BINDING TYPE : Paperback
Rs. 2950
DESCRIPTION
GST Ready Reckoner – Budget 2026 Edition is a comprehensive, practice-oriented and litigation-ready reference manual on India's Goods and Services Tax law. This edition reflects the GST position as amended up to 1st February 2026, incorporating statutory amendments, rate rationalisation measures, procedural developments and structural changes introduced under the Budget 2026 framework.
This book is designed as a working professional manual that converts statutory provisions into operational clarity. It effectively bridges the gap between:
• The language of the Act and Rules
• The compliance mechanics of the GSTN ecosystem
• The practical realities of audit, assessment and appellate proceedings
The publication integrates legislative provisions, delegated legislation, circulars, clarifications, portal-level updates, and interpretative guidance into a structured, application-focused framework. It enables professionals to understand not only the law, but also its transactional impact and defensibility in scrutiny and appeal.
This book is intended for professionals and organisations requiring clarity, precision and defensibility in GST matters, including:
• Chartered Accountants, Cost Accountants and Company Secretaries
• GST Practitioners and Tax Consultants
• Tax Advocates and Litigation Professionals
• CFOs, Finance Controllers and In-house Indirect Tax Teams
• Compliance Managers and Internal Auditors
• Businesses
• Advanced Students and Trainees
The Present Publication is the 28th Edition | Budget 2026, updated till 1st February 2026. It is authored by Mr V.S. Datey, with the following noteworthy features:
• [Budget 2026–aligned Content] Covers statutory amendments, cess-related changes and rate rationalisation effective up to 1st February 2026
• [End-to-end GST Lifecycle Coverage] Addresses levy, classification, valuation, ITC, place/time of supply, compliance, audit, enforcement and appeals
• [Sector-specific Chapters] Includes construction, real estate, TDR/FSI, transport, financial services, leasing, software/IPR, telecom, government supplies, e-commerce and tobacco products
