ITC

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Goods and Services Tax (GST) is considered as the biggest reforms in India. However, one thing that has become the talking point is – the mechanism of input credit under GST. In simple words, Input Credit means at the time of paying tax on sales, you can reduce the tax you have already paid on purchases. In…

Read More Input Tax Credit (ITC) Under GST | How to Claim ITC In GST | How Input Tax Works Under GST | Documents and forms required to claim Input Tax Credit

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Transitional Arrangements for Input Tax Credit under CGST Act on unsold stocks by TRADERS  Section 140(3) of Transitional Provisions of CSGT Act r/w Transition Rules The government is doing all that it can to implement GST (Goods & Services Tax) with effect from July 1, 2017. As we move towards a new era of taxation,…

Read More Input Tax Credit under CGST Act on unsold stocks by Traders | Transitional Arrangements