Shekhawat, Ritu  <br/><br/>
Exploring the world of input tax credit (ITC) 

 - Vol.58(7), Jul 
 - Kolkata  CMA Kaushik Banerjee  2023 
 - 42-45p. 
<br/><br/> The Introduction of GST simplified our indirect taxes Structure by subsuming multiple taxes and eliminating the cascading effect of taxes and incorporating the concept of Input Tax Credit (ITC). However, the implementation of “ITC” has led to several challenges for the Government, especially in terms of frauds and misuse. To tackle such issues and safeguard the Government’s revenue, various measures are being taken to curb such illicit practices, thereby creating a healthy environment for taxpayers. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Construction Engineering and Management (CEM)