The biggest benefit of ITC is :

CS Executive · Tax Laws · PYQS · December 2024
The biggest benefit of ITC is :
(A) Eliminating the cascading effect of taxes
(B) Reducing the cost of goods and services
(C) Paradigm shift from individuals paying more taxes to more individuals paying taxes
(D) All of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A), (B), (C), (D). Official source note: All the options given are benefit of ITC. However, very difficult to judgining the "biggest" benefit of ITC . Therefore, all options are correct.

Topics: GST

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