Question

To Understand terms and conditions for input tax credit.​

Answer 1

Explanation:

Q. To Understand terms and conditions for input tax credit

Answer:

.The following conditions have to be met to be entitled to Input Tax Credit under the GST scheme: One must be a registered taxable person. One can claim Input Tax Credit only if the goods and services received is used for business purposes. Input Tax Credit can be claimed on exports/zero-rated supplies and are taxable.