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ITC meaning

Raj Kumar (99 Points)

17 July 2017

ITC meaning or full foams kya h

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3 Replies

Momin Ali (156 Points)
Replied 17 July 2017

input tax credit

RAJA P M ("Do the Right Thing...!!!") (127238 Points)
Replied 17 July 2017

INPUT TAX CREDIT....

V.Raghunadh (Practicing Advocate and Corporate Consultant) (202 Points)
Replied 17 July 2017

Input Tax Credit, meaning when you purchase u pay tax and when you sell u collect tax. Tax when u purchase is input tax and tax when u sell is output tax, now u can deduct input tax from out put tax and pay balance to the government. this procedure is simply known as availing ITC.