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ITC on composition scheme

Indirect Taxation

1. When we get input tax credit (on purchase or sales)??

Kanaga Mani

CA Inter

★ 3K+

19-May-20 17:16

387

Answers (2)

ITC is the tax that was paid on purchases and get adujsted at the time of Output tax liability (sales).

KEERTHI PRIYA

CA Inter

★ 695

19-May-20 18:34

Thread Starter

Kanaga Mani

CA Inter

★ 3K+

20-May-20 10:04

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