Q.
What is the meaning of ITC claimed
Asked by sivakami,
18 Jun '12 11:50 am
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Answers (5)
1.
Claiming input tax credit
Input tax credit can be claimed only on the basis of original purchase tax invoice issued by registered selling dealer. A registered dealer can claim input tax credit on his purchases, if he holds a valid Tax Invoice/ bill at the time of furnishing his return to assessing authority.
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Answered by LIPSIKA, 18 Jun '12 11:56 am
Input tax credit can be claimed only on the basis of original purchase tax invoice issued by registered selling dealer. A registered dealer can claim input tax credit on his purchases, if he holds a valid Tax Invoice/ bill at the time of furnishing his return to assessing authority.
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3.
Input tax credit claimed ...........it is the amount which a business may claim from the ATO as a result of paying GST on goods or services acquired
Answered by rajan, 18 Jun '12 12:02 pm
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4.
ITC full form is Imperial Tobacco Company of India Ltd.But we have named it as Indian Tobacco Company Ltd.It is a diversified company ,which produces Cigarettes,Paper,,Paper boards,Hotels,Packaging,Agri Business,Pakaged food items,other FMCH products n IT.
Answered by Damodar Biswal, 18 Jun '12 11:59 am
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5.
Input tax credit claimed ...........it is the amount which a business may claim from the ATO as a result of paying GST on goods or services acquired.
Answered by PARTHA PATHAK, 18 Jun '12 11:58 am
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