ITC on Capital Goods Calculation and Claim Process GST Input Tax Credit, or ITC , is an essential feature in the GST scheme, with the inherent objective of reducing the output tax liability of businesses by the amount of tax paid on inputs. Whil…
Documents required for claiming ITC: A Practical Guide with Real-Life Scenarios Claiming Input Tax Credit (ITC) is often compared to walking a tightrope under the Indian GST system. Ostensibly, section provisions appear to be clear - where tax …
