What is input tax?

What is input tax?

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2 Answer(s)

The tax paid while purchasing input goods or services to make another products.

Answered on June 9, 2017.
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Input tax is cgst, sgst or IGST paid on input goods or services for making taxable supplies for goods or services. ITC of all these levies is available to registered persons.

Answered on June 9, 2017.
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Your Answer

Gen GST