Input Tax Credit

Input Tax Credit Input is a mechanism under the Goods and Services Tax (GST) laws in many countries, including India, […]

ITC CANNOT BE CLAIMED ON IE

ITC cannot be claimed on IE that are used for personal consumption or for non-business purposes. For example, if you

Procedure of Enrollment of GST includes some steps which must be followed- The first step towards getting a GST license

ITC cannot claimed for IE. Indirect expenses (IE) are expenses that are not directly related to the production or sale