Under model of GST adopted by India taxes paid on the inward supplies made by a registered person is available as Input Tax Credit (ITC), which can be utilized for making payments as per section 49 of the CGST Act, 2017.
CS Executive · Tax Laws · PYQS · December 2021
Under model of GST adopted by India taxes paid on the inward supplies made by a registered person is available as Input Tax Credit (ITC), which can be utilized for making payments as per section 49 of the CGST Act, 2017. The ITC of CGST can be utilized for:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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