Chand & Co. bought a machine for ₹3 lakhs on 01.04.2019 plus GST @ 18% was charged on it. The goods manufactured became chargeable w.e.f. 01.08.2020. How much of input tax credit on such machinery purchase could be a
CS Executive · Tax Laws · PYQS · June 2021
Chand & Co. bought a machine for ₹3 lakhs on 01.04.2019 plus GST @ 18% was charged on it. The goods manufactured became chargeable w.e.f. 01.08.2020. How much of input tax credit on such machinery purchase could be availed after the goods manufactured by it became taxable under GST?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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