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Asked by Prashant on :Jul. 12, 2018

What is input tax under GST?

What is input tax under GST?

What is input tax under GST?

0

Jeeba Jul. 12, 2018

Input tax is a tax paid while purchasing goods or availing services by the registered person under GST. In addition to this, it also includes tax paid on a reverse charge basis and integrated tax goods and services tax.

Tax ie. CGST/SGST/UGST paid on input shall be allowed as credit and can be set off against the total tax liability.

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