Let me consider an eg. A co. is a service oriented company. That company pays its telephone bill along with GST. When the co. pays its GST(collected from its client) for its service, it wants to reduce it by claiming ITC. For this, what are the step by step procedures to claim ITC? Hope you better understood my doubt.
Thank you Sir. Can you please explain the above, in which GST return forms we are we are going to make payment & claim ITC. And in case, if ITC is not claimed, then how to get its refund?