The challenge is particularly acute for companies with a narrow product portfolio, where rates across most products have been reduced to 5%. The current ITC refund mechanism does not take into account ...
NEW DELHI: After Indian Independent Act of 1947, Goods and Services Tax (GST) is probably the only bill which has taken longest-ever time to be passed and become an Act. First announcement to ...
The meaning of ITC can be easily understood when we take the words ‘input’ and ‘tax credit into consideration’. Inputs are materials or services that a manufacturer purchases in order to manufacture ...
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