Meaning
This query is : Resolved
Dhaval Master
(Querist)
21 August 2019
what is the meaning of itc booked itc availed itc claimed in gst
CA Anita Bhadra
(Expert)
23 August 2019
When you pay GST on your inputs/input services/capital goods,it is available in the Electronic Credit Ledger for utilization. This is ITC availed
While when you have GST output liability then you can utilize the ITC as availed for making payment of the output liability of GST. This is Utilization / claim of ITC.
While when you have GST output liability then you can utilize the ITC as availed for making payment of the output liability of GST. This is Utilization / claim of ITC.
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