Input Tax Credit Calculation Tax Calculation under GST How is Input Tax Credit Calculated? Your Input Tax Calculator – Invoice Matching Mechanism Input Tax Credit Calculation Input Tax Credit is the soul of GST. The reason behind the same is that, in the GST era, businesses will be allowed avail ITC across the state's borders and can be used to meet the output tax liability. This requires businesses to attach extra care towards input tax calculation. Availing the right ITC will ensure that the working capital of the business is maintained properly, and also help to maintain the credibility of…

What is input tax credit Conditions to claim input tax credit under GST When does one become eligible to avail input tax credit under GST When does one become ineligible to claim input tax credit under GST Treatment of Input Tax Credit already availed in exceptional scenarios Documents on the basis of which the ITC can be claimed FAQ What is input tax credit? Ever since GST has been discussed across the country, the input tax credit has been spoken about in the same breath. In essence, ITC is the heart and soul of GST. One of the fundamental reasons,…