How is Input Tax Credit (ITC) utilized?

CA Hema Pandey , Last updated: 27 November 2020  
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Input Tax Credit (hereinafter referred to as ITC) is credit available to a person registered under GST on payment of Input Tax. This amount is available in his Electronic Credit Ledger which he can adjust against his output tax liability. Please note that in this article we are not concerned abou

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Published by

CA Hema Pandey
(Chartered Accountant)
Category GST   Report

8 Likes   15968 Views

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