What is Net ITC ?

What is Net ITC ?

Asked on January 4, 2018 in Miscellaneous.
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1 Answer(s)

Net ITC is the Input Tax Credit availed by the Taxpayer in his ITC Ledger during the month or the period for which refund is sought for. It is the amount of ITC taken by the taxpayer through Table 4 of his GSTR3B return of the tax period refund is sought for.

Answered on January 5, 2018.
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Gen GST