In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?

mediumMCQCompetitive Exam2026General Knowledge

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In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?

Solution & Step-by-step Explanation

In economic and GST (Goods and Services Tax) terms, ITC stands for Input Tax Credit. It means at the time of paying tax on output, you can reduce the tax you have already paid on inputs.

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In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?

A

Internal Tax Commerce

B

Input Tax Credit

C

International Tax Company

D

Internal Trade Commerce

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