Question

Define Input tax credit (ITC)​

Answer 1

Ⓗⓨⓨ Ⓓⓤⓓⓔ

Ⓘⓝⓟⓤⓣ Ⓣⓐⓧ Ⓒⓡⓔⓓⓘⓣ ⓜⓔⓐⓝⓢⓒⓛⓐⓘⓜⓘⓝⓖ ⓣⓗⓔ ⓒⓡⓔⓓⓘⓣ ⓞⓕ ⓣⓗⓔ ⒼⓈⓉ ⓟⓐⓘⓓ ⓞⓝ ⓟⓤⓡⓒⓗⓐⓢⓔ ⓞⓕ Ⓖⓞⓞⓓⓢ ⓐⓝⓓ Ⓢⓔⓡⓥⓘⓒⓔⓢ ⓦⓗⓘⓒⓗ ⓐⓡⓔ ⓤⓢⓔⓓ ⓕⓞⓡ ⓣⓗⓔ ⓕⓤⓡⓣⓗⓔⓡⓐⓝⓒⓔ ⓞⓕ ⓑⓤⓢⓘⓝⓔⓢⓢ. Ⓣⓗⓔ Ⓜⓔⓒⓗⓐⓝⓘⓢⓜ ⓞⓕ Ⓘⓝⓟⓤⓣ Ⓣⓐⓧ Ⓒⓡⓔⓓⓘⓣ ⓘⓢ ⓣⓗⓔ ⓑⓐⓒⓚⓑⓞⓝⓔ ⓞⓕ ⒼⓈⓉ ⓐⓝⓓ ⓘⓢ ⓞⓝⓔ ⓞⓕ ⓣⓗⓔ ⓜⓞⓢⓣ ⓘⓜⓟⓞⓡⓣⓐⓝⓣ ⓡⓔⓐⓢⓞⓝⓢ ⓕⓞⓡ ⓣⓗⓔ ⓘⓝⓣⓡⓞⓓⓤⓒⓣⓘⓞⓝ ⓞⓕ ⒼⓈⓉ.

Ⓗⓞⓟⓔ ⓘⓣ'ⓢ ⓗⓔⓛⓟⓢ ⓨⓞⓤ

Ⓟⓛⓩ ⓜⓐⓡⓚⓔⓓ ⓘⓝ ⓑⓡⓐⓘⓝⓛⓔⓢⓣ ⓐⓝⓢⓦⓔⓡ

Ⓐⓝⓓ

Ⓟⓛⓩ ⓕⓞⓛⓛⓞⓦ ⓜⓨ ⓞⓛⓓ Ⓘ'ⓓ ⓢⓗⓔ ⓘⓢ ⓜⓨ ⓕⓞⓛⓛⓞⓦⓘⓝⓖ ⓄⓀ ☺️

Answer 2

Step-by-step explanation:

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