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Input Tax Credit

All about Input Tax Credit Under VAT

Most of our Visitors ask and confuse about Input Tax Credit under Value Added Tax. So First I would like to clear that VAT is state Tax, So All state has its own act. But I am given FAQ which are common in all states. I hope that it will clear all your confusion about Input Tax Credit under VAT. Q.1. What is input tax credit?A.1. Input tax credit is the amount of tax paid .....