Section 2(63) of the CGST Act, 2017 defines Input Tax Credit (“ITC”)as the credit of input tax. ITC is available only to a registered person under GST and includes- •          IGST charged on import of goods; •          Tax payable under Section 9 of the CGST including tax paid under reverse charge mechanism; •          Tax payable under Section 5 of … Continue reading CONCEPT OF INPUT TAX CREDIT UNDER GST