Eye Share : Claiming Input Tax Credit based on Railway Freight Receipts

The importance of an invoice under GST cannot be over-emphasised as it is the primary document evidencing the supply and vital for availing ITC.  A registered person cannot avail ITC unless he is in possession of a tax invoice or a debit note.Mr. P.G. James (Dy General Manager - Indirect Taxation, leading MNC) in his insightful article discusses the issue concerning admissibility of CENVAT credit basis Railway Receipt RR)...