M & Co. purchased raw material 500 kgs @ ₹ 60 per kg plus GST @ 12% thereon. It manufactured a product which is exempt from GST. How much M & Co. can claim ITC in respect of raw materials so purchased?
CS Executive · Tax Laws · PYQS · June 2023
M & Co. purchased raw material 500 kgs @ ₹ 60 per kg plus GST @ 12% thereon. It manufactured a product which is exempt from GST. How much M & Co. can claim ITC in respect of raw materials so purchased?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
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