Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8722 Points)
Replied 08 September 2021
What is input tax credit? Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. When you buy a product/service from a registered dealer you pay taxes on the purchase.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
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