Service tax - itc

This query is : Resolved 

18 September 2012 One of the ledger accounts of our company was SERVICE TAX - ITC. What is implied by the word ITC

18 September 2012 Input Tax Credit

18 September 2012 It means Input Tax Credit


18 September 2012 In-put tax credits) Amount which a business may claim from the ATO as a result of paying GST on goods or services acquired.



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