List of GST ITC forms or types of form of ITC in GST as a GST taxpayers we need to know all details of ITC. GST ITC forms are forms that are required to claim input under the GST system of India.
This is the format of a form that is available for the use of taxpayers. If the taxpayer is paying GST tax on their purchases, inputs, capital goods, and other product. Then the taxpayer can get an input tax credit of the tax given on purchases, and inputs from the supplier in their prescribed form or format.
How many types of GST ITC forms?
There are four types of ITC Forms-
1
FORM GST ITC- 01
2
FORM GST ITC- 02
3
FORM GST ITC- 03
4
FORM GST ITC- 04
List of GST ITC forms
The list of GST ITC forms is given below- These forms for the use of taxpayers under the GST system.
# FORM GST ITC- 01
This form is available for the use of taxpayers.
It is the form for declaration for the claim of input tax credit under sub-section 1 of section 18.
This form needs to fill for the claim of an input tax credit.
And it is necessary to fill when you get new GST registration on becoming liable to pay GST, Voluntary registration, the exempt supply of goods and services becomes liable as a taxable supply and a person opts for a composition scheme but continues to be registered as a regular taxpayer.
For filling the GST ITC- 01 just go to GST PORTAL and login after that click on services and then click on returns and ITC forms and at the end choose FORM ITC- 01
Just fill out the form for claiming the input.
# FORM GST ITC- 02
This form is available for the taxpayers.
This form is available for declaration for transfer of ITC in case of a sale, merger, demerger, amalgamation, lease, or transfer of a business under sub-section 3 of section 18.
The taxpayer can transfer his available input tax credit to his electronic credit ledger on the portal.
The matched ITC can transfer available in an Electronic credit ledger.
For filling the GST ITC- 02, Just go to GST PORTAL and log in after that click on services and then click on returns and ITC forms, and at the end choose FORM ITC- 02.
Just fill out the form for the transfer of available matched ITC.
# FORM GST ITC- 03
This form is available for the use of taxpayers.
This form for declaration for intimation of ITC reversal or payment of tax on input held in stock, input contained in semi-finished and finished goods held in stock, and capital goods under sub-section 4 of section 18.
For filling the GST ITC- 03, Just go to GST PORTAL and log in after that click on services and then click on returns and ITC forms, and at the end choose FORM ITC- 03.
Just fill out the form for the ITC reversal or payment of tax.
# FORM GST ITC- 04
Form ITC- 04 is available for the use of taxpayers.
This form is to show the detail of goods or capital goods sent to a job worker and received back.
This is the form available for the registered manufacturers to furnish showing the details of inputs or capital goods received or dispatched from a job working in a particular quarter.
For filling the GST ITC- 04, Just go to GST PORTAL and log in after that click on services and then click on returns and ITC forms, and at the end choose FORM ITC- 04.
Just fill out the form for the ITC reversal or payment of tax.
An Accountant, GSTP, GST blogger, Website Creator, SEO Builder & Co-founder of the website https://gstportalindia.in for the help of GST Taxpayers of India. Having a perfect accounting experience of more than 10 years in a Private Ltd Company.
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