Author: Munivel T

I am a tax consultant and founder of FTaxCo.in, providing reliable services in Income Tax Filing, GST, TDS, Startup India Registration, and business compliance. With a focus on accuracy, transparency, and timely support, I help individuals, freelancers, and businesses stay compliant and stress-free with their tax responsibilities.

GST Input Tax Credit (ITC): A Key Benefit for Businesses in India

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Since the introduction of the Goods and Services Tax (GST) in India, the system of claiming Input Tax Credit (ITC) has become one of the most valuable advantages for businesses. ITC allows companies to reduce the tax they pay on sales by adjusting it with the tax already paid on purchases. Understanding how ITC works is essential for every business to save money and remain compliant. What is Input Tax Credit (ITC)? Input Tax Credit is the credit that a business can claim for the GST paid on goods or services purchased for business use. For example, if a manufacturer…

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