FORM GST ITC-01 - Claim of input credit on leaving composition
A composition taxpayer leaves section 10 and identifies eligible inputs, stock and capital goods on the immediately preceding day.
Responsible actor: The registered person becoming liable under the normal tax scheme declares eligible stock credit. Provision: Section 18(1)(c), (2); rule 40(1).
Official source and completed example
Download official blank source extract PDF Download completed fictional sample PDF
The sample is a flowed model of the prescribed fields and selected paragraphs, not an official issued PDF. Names, references and facts are fictional. It contains no signature, stamp, DSC or simulated approval.
Current section 18/25/143 and CGST rules 40, 41, 41A, 44 and 45 checked 21 October 2026; source structure from official 1 January 2022 Part B, read with the current operative rule.
Worked facts and completed entries
This independent branch assumes a valid composition withdrawal effective 1 October 2026, intimated on 28 September. On 30 September, Aster holds 100 input kits worth INR 50,000, inputs worth INR 20,000 in twenty work-in-process units and one eligible machine invoiced 15 July 2026 for INR 1,00,000. CGST/SGST on the machine was INR 9,000 each; one quarter or part reduction of 5% leaves INR 8,550 each. Total eligible stock/capital claim is INR 14,850 per head, INR 29,700 combined, declared 20 October.
Claim selection and fields 1–6
| 1. GSTIN | 29AABCA0000A1ZT |
|---|---|
| 2. Legal name | Aster Learning Supplies Private Limited (fictional) |
| 3. Trade name | Aster Learning Shop (fictional) |
| Claim selected | Section 18(1)(c); clauses (a), (b) and (d) not selected |
| 4. Normal tax liability begins | 1 October 2026 |
| 5. Voluntary-registration grant date | Not applicable to selected clause (c) |
| 6. Exempt supplies becoming taxable | Not applicable to this composition-withdrawal branch |
| Stock cut-off | 30 September 2026 |
| Filing date | 20 October 2026; 19 days after eligibility |
| Withdrawal reference | ILLUSTRATION-CMP04-2026-01 / 28 September 2026 |
7. Clauses (a) / (b) stock table
Not applicable — no initial mandatory or voluntary registration claim is selected. All values in sections 7(a) and 7(b) are nil. Section 8 below supplies every applicable item.
8. Clause (c) stock and capital claim
| Class / Sr | Supplier GSTIN / invoice / date | Description | UQC / quantity | Adjusted value INR | CGST / SGST claimed INR | UT / IGST / Cess INR |
|---|---|---|---|---|---|---|
| 8(a) / 1 | 29AABCV0000A1Z8 / VED-2026-0801 / 1 August 2026 | Input kits held in stock; full invoice quantity remains | NOS / 100 | 50000 | 4500 / 4500 | 0 / 0 / 0 |
| 8(b) / 2 | 29AABCV0000A1Z8 / VED-2026-0802 / 2 August 2026 | Inputs incorporated in 20 work-in-process learning units | NOS / 20 | 20000 | 1800 / 1800 | 0 / 0 / 0 |
| 8(c) / 3 | 29AABCV0000A1Z8 / VED-CAP-2026-0715 / 15 July 2026 | Eligible packing machine; no tax-component depreciation claimed | NOS / 1 | 95000 after 5% reduction from invoice value 100000 | 8550 / 8550 after 5% reduction from tax 9000 each | 0 / 0 / 0 |
9. Certifying accountant particulars
| Certificate applicability | Not required under rule 40(1)(d): aggregate CGST/SGST/UT/IGST claim INR 29,700 does not exceed INR 2 lakh |
|---|---|
| Firm / accountant / membership / certificate date / attachment | Not applicable in this below-threshold case; no professional certificate is simulated |
Verification and execution
I, Meera Rao, director of the fictional applicant, solemnly affirm that the information in this educational scenario is true to its stated assumed facts and nothing has been concealed. Place: Bengaluru. Date: 20 October 2026. Signatory name/status: Meera Rao, authorised director (fictional; unsigned). Signature: not executed. No DSC, signature, seal or official approval is reproduced.
Credit and invoice checks
Each input/capital invoice is less than one year old at the eligibility date. Inputs meet section 16/17 conditions and supplier reporting is assumed verified. Capital credit is available in clause (c), unlike a fresh-registration clause (a)/(b) stock-only claim. Original machine tax INR 9,000 × 95% = INR 8,550 per head. Claim per head = 4,500 + 1,800 + 8,550 = INR 14,850.
How this form moves the matter forward
- Identify the exact section 18(1) event and immediately preceding stock date.
- Trace item quantities and invoices, apply the capital-goods quarterly reduction where clause (c)/(d) permits capital credit, and test the one-year invoice condition.
- Declare within thirty days or a notified extension; apply the aggregate INR 2 lakh accountant-certification threshold and reconcile actual credit posting.
Evidence supporting these entries
- Withdrawal/effective-date evidence and stock count
- Invoices, WIP input allocation and capital register
- Supplier reporting, eligibility and amount reconciliation
Period and legal consequences
This example claims actual eligible tax, not a percentage of stock value without invoice evidence. Rule 40 uses five percentage points per quarter or part for clause (c)/(d) capital claims. Rule 44 reversal on entry into composition uses remaining useful life in months; those are different calculations.
Primary source and exact locator
Official notified form source: PDF pages 91-93; printed pages 85-87.
CGST Act and government-hosted Act and Rules compilation - Section 18(1)(c), (2); rule 40(1). Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The registered person becoming liable under the normal tax scheme declares eligible stock credit. A composition taxpayer leaves section 10 and identifies eligible inputs, stock and capital goods on the immediately preceding day.
Can this sample be filed or treated as an issued document?
No. It is a completed fictional teaching example. Use the notified form and the authenticated portal/proceeding record for an actual matter. The example contains no executed signature or official approval.
What must reconcile before the next step?
Withdrawal/effective-date evidence and stock count; Invoices, WIP input allocation and capital register; Supplier reporting, eligibility and amount reconciliation.