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How do you calculate ITC?

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How do you calculate ITC?
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  1. To calculate the input tax credit (ITC) under GST, follow the below-mentioned steps:

    1) Eligibility Criteria: Check whether you are eligible to claim Input Tax Credit (ITC).
    2) Purpose of business: Determine the level of utilization in your business.
    3) Output tax liability: Determine the amount of GST that can be claimed as an ITC for various kinds of expenses.
    4) Set off: compute utilizing the standard method.

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