Rule 36(4) of the GST (Goods and Services Tax) rules in India pertains to the input tax credit (ITC) that a business can claim. ITC is a mechanism by which businesses can offset the GST paid on inputs (goods and services used in the course of business) against the GST liability on their outputs (goods and services sold to customers).
Under Rule 36(4), a business can claim ITC only if it holds a valid tax invoice or debit note issued by its supplier, and if it has received the goods or services to which the invoice relates. Additionally, the claim must be made within a specified time period, which is generally within a year from the date of filing of the relevant GST return.
Check Out the Best Input Tax Credit Rule 36(4) Of CGST Rules.