ITC 01 is now enabled on portal for availing Input Tax Credit in various situations like the one illustrated below:

  1. Registered persons whose exempt supply of goods and/or services become taxable can now file FORM ITC 01 on the GST Portal.

2. The composition dealers, who opt out of composition scheme and opt to pay tax as the normal taxpayer can now file FORM ITC 01 on the GST Portal.

3. Taxpayers who have taken registration on Voluntary Basis can now file FORM ITC 01 on the GST Portal.

4. Newly Registered Taxpayers can now file FORM ITC 01 on the GST Portal.