GST compliance
Input tax credit meaning for indian founders.
Input tax credit is credit of eligible input tax on inward supplies of goods or services, including eligible inputs, input services, and capital goods, that a registered person may use through the electronic credit ledger. It remains subject to the transaction, documents, supplier communication, receipt, payment, return, time-limit, apportionment, and blocked-credit rules. A book entry or GSTR-2B line alone is not the legal conclusion.
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