Question

What is input tax Credit ?​

Answer 1

Step-by-step explanation:

What is Input Tax Credit? 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

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Answer 2

Answer:

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(ITC)

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.

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