GST Offline Tools

Harish Rajendran21 Nov, 2020News

GST ITC-01 requires a GST registered person or corporation to retain an input tax credit (ITC) in compliance with Section 18(1) of the GST Act. ITC-01 is used as a declaration of the registered company for the use of an input tax credit for inputs (raw materials or other polished goods) held in stock as well as for full goods in stock.