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THE MAHARASHTRA GOODS AND SERVICES TAX, 2017 FORMS
INPUT TAX CREDIT

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Form GST ITC -03

[See Rule - 44 (4)]

Declaration for intimation of ITC reversal/payment of tax on inputs held in stock, inputs contained in semi-finished and finished goods held in stock and capital goods under sub-section (4) of section 18

1. GSTIN  
2. Legal name  
3. Trade name, if any  
4(a). Details of application filed to opt for composition scheme [ applicable only for section 18 (4)]

(i) Application reference number (ARN)  
(ii) Date of filing  
4(b). Date from which exemption is effective [ applicable only for section 18 (4)]    

5. Details of stock of inputs held in stock, inputs contained in semi-finished or finished goods held in stock, and capital goods on which input tax credit is required to be paid under section 18(4).

Sr. No.

 

GSTIN/ Registra tion under CX/ VAT of supplier

 

*Invoice /Bill of entry Description of inputs held in stock, inputs contained in semi-finished or finished goods held in stock and

capital goods

 

Unit Quantity Code (UQC)

 

Qty

 

Value** (As adjusted by debit note/credit note)

 

Amount of ITC claimed (Rs.)

No. Date Central Tax State Tax UT Tax Integrated Tax Cess
1 2 3 4 5 6 7 8 9 10 11 12 13
5 (a) Inputs held in stock (where invoice is available)
                         
                         
5 (b) Inputs contained in semi-finished or finished goods held in stock (where invoice is available)
                         
                         
5(c) Capital goods in stock (where invoice is available)
                         
                         
5 (d) Inputs held in stock and as contained in semi-finished /finished goods held in stock ( where invoice not available)
                         
                         
5 (e) Capital goods held in stock (where invoice not available)
                         
                         

* (1) In case, it is not feasible to identify invoice, the principle of first in first out may be followed.

(2) If Invoice is not available for certain inputs or capital goods, the value shall be estimated based on prevailing market price

"** The value of capital goods shall be the invoice value reduced by 1/60th per month or part thereof from the date of invoice

6. Amount of ITC payable and paid (based on table 5)

Sr. No.

Description

Tax payable Paid through Cash/ Credit Ledger Debit entry no. Amount of ITC p standard aid
Central Tax State Tax UT Tax Integrated Tax Cess
1 2 3 4 5 6 7 8   9
1.

Central

Tax

  Cash Ledger            
Credit Ledger            
2.

State Tax   Cash Ledger            
Credit Ledger            
3.

UT Tax   Cash Ledger            
Credit Ledger            
4.

Integrated Tax   Cash Ledger            
Credit Ledger            
5.

CESS   Cash Ledger            
Credit Ledger            

7. Verification

I __________________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed there from.

Signature of authorized signatory _______________________________________

Name

_______________________________________

Designation/Status ____________________________

Date - dd/mm/yyyy