Taxvibe brings ITC Rules under GST framed by the official authorities to you understand the Good and Services Tax. One of the demanding aspects of the goods and services tax, is the opportunity of input tax credit on capital goods used for manufacturing activities. Input tax credit rules for capital goods under goods and services have been recommended which is to be followed strictly.
Manufacturing contributes a large part of our country’s gross domestic product and initiatives like as Digital India, Make in India are going to raise it further.
In this article we shall provide you a complete guide on ITC Rules Under GST.