Undertaking for GST Input Tax Credit

UNDERTAKING REGARDING GENUINENESS OF INPUT TAX CREDIT (ITC)

(Under the Central Goods and Services Tax Act, 2017 – Section 16)

I, [Name of Authorised Signatory], [Designation e.g. Proprietor / Partner / Director / Authorised Signatory] of [Legal Name of Registered Person], holding GSTIN [GSTIN], having its principal place of business at [Full Address], do hereby solemnly undertake and declare as follows:

1. That the Input Tax Credit (ITC) amounting to Rs. [ITC Amount] (Rupees [Amount in Words] only) availed by the said registered person for the tax period [Month/Period & FY] is genuine and has been availed strictly in accordance with the provisions of Section 16 of the CGST Act, 2017.

2. That the said ITC has been availed only in respect of goods and/or services which have actually been received and used, or are intended to be used, in the course or furtherance of business.

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3. That the said credit is supported by valid tax invoices / debit notes issued by registered suppliers, and the details thereof are duly reflected in FORM GSTR-2B of the registered person.

4. That, to the best of our knowledge and belief, the suppliers from whom the said inward supplies have been received have discharged their tax liability and have deposited the corresponding tax with the Government.

5. That no ITC has been availed in respect of any blocked credit under Section 17(5), or against any fake, bogus or paper invoice not accompanied by actual supply of goods or services.

6. That in the event any part of the said ITC is found to be ineligible, or the tax charged on any inward supply is not paid to the Government by the supplier, we undertake to reverse such ITC along with applicable interest under Section 50, and to bear any liability arising therefrom.

7. That this undertaking is furnished voluntarily and shall be binding upon the registered person and its successors.