What is Input Tax Credit (ITC) Under GST ?Input Tax Credit (ITC) is one of the most valuable provisions under India’s Goods and Services Tax (GST) regime, enabling businesses to reduce their tax liability by claiming credit on taxes paid for purchases and expenses related to their operations. For business owners and tax professionals, understanding how ITC works is essential for optimizing GST compliance and enhancing working capital efficiency. In this article, we’ll break down the meaning of ITC, who can claim it, the step-by-step process involved, and the latest updates you should know about to stay ahead in GST planning. Visit For More Info: https://growthinfy.com/input-tax-credit-itc/
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