GST ITC setoff as per new rules 01-Feb-2019 in Excel Format
GST ITC setoff as per new rules 01-Feb-2019 in Excel Format: GST, however aims at removal of such cascading effect and allow seamless flow of input tax credit. The basic principal of GST is that it is value added tax, where in tax is paid only on the value addition in every transaction. Business entities in this chain are only pass through entities and do not bear tax incidence. Further GST is a destination based consumption tax, and hence tax levied in one State travels along with goods and services to the state where the place of supply is situated.
|Upload Date||March 19, 2019|
|Last Updated||March 19, 2019|