Accountancy, asked by dendyalpareek613, 6 months ago

gst paid on purchase is​

Answers

Answered by surajkumaryadavjee
11

Answer:

Input tax credit (ITC) is the tax paid by the buyer on purchase of goods or services. Such tax which is paid at the purchase when reduced from liability payable on outward supplies is known as input tax credit. In other words, input tax credit is tax reduced from output tax payable on account of sales.

Answered by sonyvirk61
2

Answer:

INPUT CREDIT

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