How Can Startups Leverage GST Input Tax Credit for Cost Savings?
Managing expenses efficiently is crucial for startups aiming for long-term sustainability. One of the most effective ways to reduce costs is by utilizing the Goods and Services Tax (GST) Input Tax Credit (ITC). This mechanism allows businesses to offset the tax they pay on purchases against their GST liability on sales. Startups that complete GST registration can significantly lower their tax burden, improving cash flow and profitability. Read: https://fastpanda.in/2025/02/2....7/how-can-startups-l