Determine the amount of Input tax credit admissible to PQR Ltd. in respect of the following goods procured by it in the month of January 2022: Goods used in construction of an additional floor of office building ₹25,000

CS Executive · Tax Laws · PYQS · December 2022
Determine the amount of Input tax credit admissible to PQR Ltd. in respect of the following goods procured by it in the month of January 2022: Goods used in construction of an additional floor of office building ₹25,000 Packing Materials used in a factory ₹8,000 Goods destroyed due to natural calamities ₹17,000
(A) ₹25,000
(B) ₹8,000
(C) ₹7,000
(D) ₹50,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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