Input Tax Credit (GST)

Credit of GST paid on inputs/input services, usable against output tax liability. (CGST Act, 2017 / IGST Act, 2017)

Type: noun Branch: Tax (GST) Level: Intermediate Jurisdiction: India

Definition

Credit of GST paid on inputs/input services, usable against output tax liability. (CGST Act, 2017 / IGST Act, 2017)

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