{"version":"1.0","provider_name":"Taxmann Blog","provider_url":"https:\/\/www.taxmann.com\/post","title":"Know about GST Input Tax Credit with Illustrations - Taxmann Blog","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"qU3klB44fF\"><a href=\"https:\/\/www.taxmann.com\/post\/blog\/know-about-gst-input-tax-credit-with-illustrations\">Know about GST Input Tax Credit with Illustrations<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.taxmann.com\/post\/blog\/know-about-gst-input-tax-credit-with-illustrations\/embed#?secret=qU3klB44fF\" width=\"600\" height=\"338\" title=\"&#8220;Know about GST Input Tax Credit with Illustrations&#8221; &#8212; Taxmann Blog\" data-secret=\"qU3klB44fF\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/www.taxmann.com\/post\/wp-content\/uploads\/2021\/08\/Know-about-GST-Input-Tax-Credit-_Blog_Aug21.jpg","thumbnail_width":768,"thumbnail_height":450,"description":"Input means any goods other than capital goods\u2020. Capital goods means goods, value of which is capitalised in books of account. Input tax credit on capital goods can be availed at one shot (i.e., 100 per cent at the time of capitalisation in books of account). There is no requirement to defer some portion of input tax credit on capital goods to the subsequent year. In other words, there is no distinction between inputs and capital goods under GST for the purpose of availment of input tax credit."}