What Is ITC?

What Is ITC? Explain In detail?

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2 Answer(s)

ITC is input tax credit which is you pay to your supplier when purchasing goods from a registered dealer.

Answered on June 26, 2017.
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Itc mean input tax credit. suppose you purchase goods for furtherance of business or resale supplier charge tax in invoice this tax is your itc and you may claim in return after deducting this prepaid tax on balance you will have to pay tax.

Answered on June 26, 2017.
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Your Answer

Gen GST