UGC CARE norms ugc approved journal norms IJRTI Research Journal

Click Here

International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)

Call For Paper

For Authors

Forms / Download

Published Issue Details

Editorial Board

Other IMP Links

Facts & Figure

Impact Factor : 8.14

Issue per Year : 12

Volume Published : 7

Issue Published : 79

Article Submitted : 5528

Article Published : 3054

Total Authors : 7813

Total Reviewer : 540

Total Countries : 68

Indexing Partner


This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Published Paper Details
Authors Name: PRIYA
Download E-Certificate: Download
Author Reg. ID:
Published Paper Id: IJRTI2208146
Published In: Volume 7 Issue 8, August-2022
Abstract: Abstract - ITC Forms the basis of Input Tax structure. It simply means the tax paid for buying some Goods /Services can be used to set-off the Indirect Tax Liability at the time of selling of the produces/ services. This Paper highlights the concept of ITC & also availment of ITC in GST. ITC is one of the key features of GOODS and SERVICES TAX. This article deals with the concept of Input Tax Credit(ITC) ,how it can be claimed, what is the maximum time limit and other related question regarding ITC,I have tried to explain the Concept in simple language for better understanding. ITC is an effective mechanism which avoids Cascading of Tax. Cascading of Taxes Simply Means ‘Tax on Tax’. Under the earlier system of taxation, credit of taxes imposed by Central Government is not available for payment of taxes imposed by State Governments and vice versa, But it is possible in present GST system. Input Tax Credit under GST is a credit which is available to suppliers to set off the tax, he has paid on purchase of goods from output tax on sale of such goods. However, ITC avoid double taxation. ITC should be claimed while filling GSTR-3B of the relevant period. Section 16(1) & 16(2) defined eligibility and conditions for taking Input Tax Credit.
Keywords: Keyword - Input Tax Credit, Eligibility& Condition for taking Input Tax Credit section.(16) Utilization of ITC , Restriction on ITC.
Cite Article: "A STUDY ON INPUT TAX CREDIT (ITC) UNDER GST", International Journal of Science & Engineering Development Research (, ISSN:2455-2631, Vol.7, Issue 8, page no.848 - 852, August-2022, Available :
Downloads: 000178211
ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2208146
Registration ID:183695
Published In: Volume 7 Issue 8, August-2022
DOI (Digital Object Identifier):
Page No: 848 - 852
Country: Panipat , Haryana, India
Research Area: Commerce
Publisher : IJ Publication
Published Paper URL :
Published Paper PDF:
Share Article:

Click Here to Download This Article

Article Preview
Click Here to Download This Article

Major Indexing from
Google Scholar ResearcherID Thomson Reuters Mendeley : reference manager : cornell university library Research Gate CiteSeerX DOAJ : Directory of Open Access Journals
DRJI Index Copernicus International Scribd DocStoc

ISSN Details

ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

DOI (A digital object identifier)

Providing A digital object identifier by DOI.ONE
How to Get DOI?


Open Access License Policy

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Creative Commons License This material is Open Knowledge This material is Open Data This material is Open Content

Important Details

Social Media

Join RMS/Earn 300


Indexing Partner