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Adjusting of GST paid on Inward leg with GST payable on outward leg is known as Input Tax Credit Set-off. Let us consider an example of a business of Textile Retailer, Mr BabaTax. ... For example, ITC of IGST is available Rs 1,000. IGST liability is Rs 100, CGST liability is Rs 600 and SGST liability is Rs 400. ITC set-off will be as follows-. Inward remittance serves to protect developing countries against financial setbacks. The remittance achieves this by improving the consumption and purchasing power of a family or business. This results in increased access to better education, food, health care, lifestyle, housing, and stock. Moreover, inward remittance directly helps the.

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