Shakthi limited purchases an aircraft for the purpose of transportation of goods manufactured by it. ITC shall be ............ for the GST paid on the aircraft.

CS Executive · Tax Laws · PYQS · June 2022
Shakthi limited purchases an aircraft for the purpose of transportation of goods manufactured by it. ITC shall be ............ for the GST paid on the aircraft.
(A) allowed
(B) blocked under Section 17(5)
(C) allowed to the extent of 50%
(D) blocked under section 17(5) to the extent of 50%

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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