Input Tax Credit (ITC) | Basic Concept in 2 Minutes!

Understand the crux of Input Tax Credit (ITC) in GST laws in under 2 minutes!

The concept of ITC is very important as it eliminates the cascading effect of GST.

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Thank you!
CA. Vidur K. Bindal

Disclaimer:
The contents of this video are solely for informational purpose. It does not constitute any professional advice or recommendation or solicitation of any sort on the part of the presenter. The responsibility of any action taken by the viewer in consequence to this video shall solely rest with the viewer alone. The presenter neither accepts any liabilities for any loss or damage of any kind arising out of any information in this video nor for actions taken in reliance thereof.

Note:
This video contains only the basic concept of ITC and no part of this video must be construed as a professional advice or opinion or recommendation of the presenter. All relevant provisions contained in the GST law have not been discussed at length in this video as it is solely intended for the purpose of imparting basic information and is therefore not an in-depth analysis of any kind. Please consult a professional for all GST related matters.