Input Tax Credit (ITC) Under GST: Eligibility, Conditions & Common Mistakes Complete Guide (2026)
Understanding Input Tax Credit (ITC) Under GST The Goods and Services Tax (GST) simplified India’s indirect tax system by bringing multiple indirect taxes under a unified framework. One of its key features is Input Tax Credit under GST, which allows eligible registered businesses to claim credit for GST paid on qualifying purchases and use it to reduce their output tax liability, subject to applicable conditions. Whether you’re a manufacturer purchasing raw materials, a retailer buying inventory, a service provider paying GST on professional services, or an e-commerce business investing in technology and logistics, Input Tax Credit plays a vital role …