Question

conclusion on input and output tax credit​

Answer 1

Explanation:

The tax charged on supply has been actually paid to the government either in cash or through utilization of input tax credit; ... If paid after 180 days than such ITC claimed along with interest will be added to the output liability of the recipient. The recipient will be entitled to ITC when payment is made by him.

Answer 2

Answer:

actually paid to the government either in cash or through utilization of input tax credit; ... If paid after 180 days than such ITC claimed along with interest will be added to the output liability of the recipient. The recipient will be entitled to ITC whe