Interest on Reversal of Unutilized ITC

CA PIYUSH KAPOOR , Last updated: 09 May 2021  
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Introduction Input tax credit (ITC) is the tax paid by the buyer on the purchase of goods or services. Such tax which is paid at the purchase when reduced from liability payable on outward supplies is known as an input tax credit. In other words, the input tax credit is tax reduced from output ta

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Attached File : 206062_44642_interest_on_reversal_of_unutilsed_itc.pdf
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