Demystifying Input Tax Credit (ITC) under GST: Your Guide to Claiming What You’re Owed
Input Tax Credit (ITC) is a cornerstone of the Goods and Services Tax (GST) regime, designed to prevent the cascading effect of taxes. Essentially, it allows businesses to reduce the tax they pay on their output by the tax they have already paid on their inputs. But claiming ITC isn’t as simple as just paying […]
