Shruti Jog – CaptainBiz Blog

Understanding Input Tax Credit (ITC) under GST: A Comprehensive Guide

Input tax credit refers to payment of tax which can be reduced if you have already paid tax on inputs. Input tax credit is vital feature of GST (Goods and…

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March 8, 2024

GST Update / Reverse Charge Mechanism

All about Reverse Charge Mechanism (RCM) in GST

The supplier of goods or services is liable to pay GST. However, in some specified cases like Notified supplies and imports, the liability may be on the recipient under the…

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December 6, 2023

GST / Input Tax Credit / ITC

INPUT TAX CREDIT UNDER GST

Input Credit means at the time of paying tax you can reduce the tax you have already paid on inputs. ITC is one of the most important features of the…

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December 6, 2023