Input credit out put credit

ITC / Input 75 views 8 replies
what is mean by input and out put credit
Replies (8)

Input credit means credit of GST paid on input material.

Output credit means GST received on sale of output.

 

thanks
may I know in which cases we can get output credit
I never read the "output credit" neither is GST nor in service tax
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for what
for sharing gst doubt and updates purpose
for what


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