ITC

(redirected from Input Tax Credit)
AcronymDefinition
ITCIndian Tobacco Company (formerly Imperial Tobacco Company of India Ltd.)
ITCInternational Trade Commission
ITCInternational Typeface Corporation
ITCInternational Trade Centre
ITCInstitute of Technology of Cambodia (est. 1964)
ITCInvestment Tax Credit
ITCInformation Technology Center
ITCInternational Test Conference
ITCIndependent Television Commission (England)
ITCInfrared Training Center (North Billerica, MA)
ITCInstitute of Texan Cultures
ITCIn the Car
ITCIn the Chat
ITCInternational Teletraffic Congress
ITCInstructional Technology Center
ITCInformation Technology Commission
ITCInformation Technology Committee (Records Management Association of Australia, RMAA)
ITCIntroduction to Coaching (course)
ITCIntegrated Telecom Company (est. 2005; Saudi market)
ITCIn-The-Canal (hearing aid)
ITCInvestment Trust Corporation (AFL-CIO)
ITCInstructor Training Course
ITCIstituto per le Tecnologie della Costruzione (Italian)
ITCIncome Tax Component
ITCIsothermal Titration Calorimetry
ITCInstructor Training Center (various organizations)
ITCIndependent Tournament Circuit (Frontline Gaming)
ITCInternational Training Camp
ITCInternet Database Connector
ITCInformation Technical Centre
ITCIntelligent Tape Controller
ITCInternational Touring Car
ITCIntel Trace Collector
ITCInnovative Technology Center
ITCInterval Timer Counter
ITCIndependent Transport Clock
ITCInput Tax Credit (tax refund; Canada and Australia)
ITCInternational Truck and Engine Corporation
ITCInteractive Test Capture
ITCInternational Transmission Company (Novi, MI)
ITCIsolated Tumor Cell
ITCInstrumental Transcommunication
ITCInstituto Técnico en Computación (Spanish: Computer Technical Institute; various locations)
ITCInduced Technological Change
ITCInnovation and Technology Commission (Hong Kong)
ITCInformation Technology Core (Helena, MT)
ITCInternational Telecommunication Company (various locations)
ITCInternational Trust Company (various locations)
ITCInformation Technology Contractor (various organizations)
ITCImaging Technology Center (various organizations)
ITCInternational Test Commission
ITCIstituto Trentino di Cultura
ITCInformation Technology Certificate (various schools)
ITCInvitation to Comment
ITCIntelligent Traffic Control
ITCInteractive Toy Concepts (est. 1998)
ITCInteragency Testing Committee (US EPA)
ITCInternational Technology Corporation
ITCInuit Tapirisat of Canada
ITCInfantry Training Centre
ITCIndustrial Training Center (various locations)
ITCInternational Theological Commission
ITCInternational Tin Council
ITCInternational Telemetering Conference
ITCInternational Training in Communication (nonprofit organization teaching speech improvement and leadership training; Anaheim, California)
ITCInformation Technology Consultant
ITCInternational Tennis Championship (various locations)
ITCInternational Teledemocracy Centre (Napier University, Edinburgh)
ITCItalian Tax Code
ITCInvestors Trust Company (Chapel Hill, NC)
ITCIntersection Traffic Control
ITCInternational Trypanotolerance Centre (Banjul, The Gambia)
ITCIntensive Training Course
ITCInternational Technology Center
ITCInternational Trade Consulting, Ltd. (UK)
ITCIntertribal Timber Council
ITCIditarod Trail Committee, Inc. (Alaska)
ITCIrish Theatre Company (Ireland)
ITCInstrumentation Tray Cable
ITCIndependent Telephone Companies
ITCIntensive Training Cycle (various organizations)
ITCIntegration Test Cycle (software)
ITCInclusive Tour Charter (Canadian Transportation Agency)
ITCIllawarra Technology Corporation (Australia)
ITCInternational Tiger Coalition (est. 2005)
ITCIowa Transportation Commission (Iowa Department of Transportation)
ITCInternational Teaching Centre (Institution of the Baha'i Faith)
ITCIndia Telephone Card
ITCInstitute for Traffic Care
ITCInter-Task Communication
ITCIndividual Training Course (US DoD)
ITCInformation Technology Club
ITCInternational Telecomputing Consortium
ITCIranian Tobacco Company
ITCInstituto Tecnico Central
ITCInternet Telephony Consortium
ITCInternational Telecom Center
ITCInnovative Technology Council (EPA)
ITCIntegrated Technologies Committee (IHETS)
ITCInternational Translation Center (Washington, DC)
ITCIntegrated Transfer Case (automotive industry)
ITCIntelligent Top Cap
ITCIndependent Treatment Centre
ITCIdeal Toy Company
ITCIntellisys Technology Corporation
ITCInternational Training Course in Security Policy
ITCIndefinite-Term Contract (EU Labour)
ITCIrak Turkmen Cephesi (Turkish: Iraqi Turkmen Front)
ITCInternational Television Center
ITCInternational Taekwondo Council
ITCIsland Taekwon-Do Centre (Singapore)
ITCInner Thigh Clearance
ITCInternational Transit Center
ITCInitial Target Cost (government contracting)
ITCInteractive Teleservices Corporation
ITCInsurance Testing Center (insurance)
ITCInformation Transfer Center
ITCInter-Exchange Technical Committee (market data)
ITCImage Transfer Controller
ITCIndividual Training Configuration
ITCInformation Technology Collaborative (various organizations)
ITCInstrument Technology Center (NASA)
ITCInternational Trauma Conference (UK)
ITCInstitute of Training Concern (Bangladesh)
ITCImperial Tobacco Company of India Ltd. (now Indian Tobacco Company)
ITCIntegrated Throttle Control
ITCInternational Transport Committee
ITCInstrumentation Temperature Controller
ITCIncoming Trunk Characteristics
ITCIntegrated Turbine Control
ITCIntegrated Training Capability
ITCInstruction to Contractors (Australia)
ITCIntelligence Training Consolidation
ITCInter-TSO (Transmission System Operators) Compensation (energy)
ITCIndianapolis Telephone Company
ITCInput Trigger Connector (Agilent)
ITCInput Type Class
ITCILEX (Institute of Legal Executives) Tutorial College (UK)
ITCIntensive Therapy Centre (Pakistan)
ITCIsrael Tech Company (website)
References in periodicals archive ?
The Minister further said that the Finance Ministry has been requested for allocation of appropriate funds under RoSL for one time settlement of exporters claim and faster and complete refund of Input Tax Credit.
The tax payer would now see the current balance of input tax credit at the top of the screen.
Furthermore, a majority of the respondents claimed that they were not receiving GST invoices for many of their purchases, and brands were not passing the benefits of input tax credit to consumers, as per a survey conducted by citizen engagement platform, LocalCircles.
To give a quick brief, VAT registered businesses should charge VAT on taxable supply of goods and services, claim Input Tax Credit on VAT paid on their purchases, which will be deducted from VAT payable on sales.
The facility of input tax credit for restaurants was being withdrawn as they had not passed on this benefit to consumers, the government said.
All the textile job works, being the manufacturing activities, had been exempted from the service tax in the pre-GST regime, but, the job workers could not avail the input tax credit that had been increasing the cost of the products and affecting the export competitiveness and also the domestic consumers.
However, in the supply of exempt goods and services, no input tax credit will be available.
The Credit Tax Scope would involve extraction of expense information in the computation of input services, computation of input tax credit, calculation of reverse charge tax, inter-branch transactions, invoicing and taking the date to GST extracts.
Then there is confusion regarding specific transitional provisions which have been prescribed in the GST Law to regulate taxpayers' migration, ensure the smooth flow of input tax credit and handle the taxation of transactions done during the borderline period.
Listing the benefits of getting registered under GST, the ministry said that input tax credit can be passed on in the value chain and due taxes collected will come to the exchequer.
If the GST rate is higher than the earlier total tax incidence on the item, the seller will make a marginal loss, even after the 60 per cent input tax credit he or she can claim on taxes already paid.
Several changes have been made to the input tax credit mechanism.