Skip links

Sign up to Knowledge Mofo to get unlimited access to all of our content

Learn more
Hire An Expert

Send a message

    Knowledge Mofo

    Input Tax Credit (ITC)

    Author
    Published on:
    Published in: Accounting
    Input Tax Credit (ITC) is a mechanism in the Goods and Services Tax (GST) system that allows businesses to claim a credit for the GST they paid on their inputs and input services. This credit can then be used to offset the GST liability on their outward supplies (sales), reducing the amount of tax payable. […]
    Hey There! In order to have full access to this content and our entire Knowledge base please signup to our membership that gives you lifetime access to Knowledge Mofo  Click Here To Get Full Access

    You may also like

    11 months ago

    Shareholder Agreement

    A shareholder agreement is like a rulebook for people who own shares in a company. It’s a legal document that outlines the rights, responsibilities, and expectations of shareholders. Here’s what you need to know about it: Ownership Rules: The agreement defines who the shareholders are and how many shares they own. It can specify if […]

    Hey There! In order to have full access to this content and our entire Knowledge base please signup to our membership that gives you lifetime access to Knowledge Mofo  Click Here To Get Full Access

    11 months ago

    What Is GST

    GST stands for Goods and Services Tax. It is a consumption-based tax levied on the supply of goods and services in many countries around the world. GST is a value-added tax, which means that it is applied at each stage of the production and distribution process but is ultimately borne by the end consumer. Here […]

    Hey There! In order to have full access to this content and our entire Knowledge base please signup to our membership that gives you lifetime access to Knowledge Mofo  Click Here To Get Full Access

    Explore
    Drag