GST Input Tax Credit by VS Datey

Enough has been said about what a significant reform GST will be. But if there is one thing that completely stands out about this new tax, it is – the mechanism of input credit under GST.

Here’s a quick check about you can expect from this post –

• For beginners – Don’t worry if you have never heard of ‘input credit’ before. We’ll start from scratch.
• For businesses – If you are a business, you may have already heard of VAT input credit, and you will soon know how it differs from GST input credit.