Know all about Input Tax Credit (ITC)

By |2021-06-29T12:27:08+00:00October 13th, 2016|Categories: GST|Tags: , |

Input tax credit is claimed by a registered dealer. A registered dealer is one who has TIN from his VAT Department. VAT registration is mandatory for claiming the tax credit. Each state has its own rules and regulations regarding tax collecting norms and is applicable accordingly. Input tax credit is an aggregate amount of tax payable [...]