Input Tax Credit (ITC) is a mechanism that allows businesses to claim credit for the tax they’ve paid on their purchases. Input Tax Credit in GST ensures that companies are only taxed on the value they add at each stage of the supply chain, not on previous stages of production. By usi...
can we take input tax credit of invoice of chartered accountant? Reply SAG Infotech March 26, 2024 at 2:54 pm Yes but under RCM Reply Rajan February 22, 2024 at 7:50 pm Hello, I work as software professional, and provide consultancy to my clients. What is the ITC valid list for...
IfaGTA isregistered underRCM 5 till31 03 2019 hisITC ledger has a substantial amount of credit now can he change to Forward Charge 12 from01 04 2019 and can he adjust ITC credit in ledger showing up to31 03 2019 from this years forward charge Please advi