If a registered person has claimed depreciation on the .......... of the capital goods and plant and machinery under the provisions of the Income Tax Act, the input tax credit on the said tax component shall not be allow

CS Executive · Tax Laws · PYQS · December 2023
If a registered person has claimed depreciation on the .......... of the capital goods and plant and machinery under the provisions of the Income Tax Act, the input tax credit on the said tax component shall not be allowed in CGST Act.
(A) Cost
(B) Tax component of the cost
(C) WDV
(D) Realisable value

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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