What is Input tax credit (ITC)?
GST paid on business purchases that can be set off against GST owed on sales.
To claim ITC you generally need a valid invoice, receipt of goods or services, and the supplier’s filing reflected in your GSTR-2B.
GST paid on business purchases that can be set off against GST owed on sales.
To claim ITC you generally need a valid invoice, receipt of goods or services, and the supplier’s filing reflected in your GSTR-2B.
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