Taxes paid under GST by a registered person are covered both as Input Tax and Output Tax. State as per provisions of CGST Act, 2017, which out of the following are covered in the definition of Input tax. (i) Tax under RC

CS Executive · Tax Laws · PYQS · December 2021
Taxes paid under GST by a registered person are covered both as Input Tax and Output Tax. State as per provisions of CGST Act, 2017, which out of the following are covered in the definition of Input tax. (i) Tax under RCM (ii) IGST on imports (iii) Taxes under Composition levy (iv) CGST on intra-state services
(A) (i) and (iii)
(B) (ii) and (iv)
(C) (i), (ii) and (iv)
(D) All of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic