ICMAI’s Tax Research Department Releases Handbook on Input Tax Credit – March, 2024 edition

By: Admin
June 11, 2024
Categories: GST Law|ICMAI|Important News
4 Min Read

The Tax Research Department of ICMAI (Institute of Cost Accountants of India) has released the Handbook on Input Tax Credit (ITC); An in-depth Discussion – March, 2024 edition.

The updated “Handbook on Input Tax Credit” is being released by the Tax Research Department for professionals and stakeholders.
Input Tax Credit (ITC) is crucial under GST as it prevents tax cascading and promotes a seamless supply chain flow.
GST allows credits for taxes paid at earlier stages, unlike the previous tax regime, enhancing efficiency and fairness.
The revised handbook offers comprehensive guidance on ITC for manufacturers, suppliers, e-commerce operators, and other entities under the GST Act.
The Complete Handbook can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/Handbook_on_Inp