What is input tax?

“Input tax” has been defined in section 2 (57) of the
MGL and section 2 (1) (d) of the IGST Act. Input tax in
relation to a taxable person, means the {IGST and CGST} in
respect of CGST Act and {IGST and SGST} in respect of SGST
Act, charged on any supply of goods and/or services to him
which are used, or are intended to be used, in the course
or furtherance of his business and includes the tax payable
under sub-section (3) of section 7.
Under the IGST Act, input tax is defined as IGST, CGST or
SGST charged on any supply of goods and / or services.