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How to Calculate Input Tax Credit (ITC) under GST?

Before knowing how to calculate Input Tax Credit (ITC) under GST it is important for us to know what is the meaning of ITC. The meaning of ITC can be effortlessly comprehended when we take the words ‘input’ and ‘tax credit’ into consideration. Inputs are materials or services that a manufacturer purchases or render to … Read moreHow to Calculate Input Tax Credit (ITC) under GST?