Which of the following utilization of input tax credit is not permitted ? (i) ITC of IGST against CGST (ii) ITC of SGST against CGST (iii) ITC or IGST against SGST (iv) ITC of UTGST against CGST (v) ITC of CGST against U

CS Executive · Tax Laws · PYQS · June 2021
Which of the following utilization of input tax credit is not permitted ? (i) ITC of IGST against CGST (ii) ITC of SGST against CGST (iii) ITC or IGST against SGST (iv) ITC of UTGST against CGST (v) ITC of CGST against UTGST
(A) (i), (ii) and (iii)
(B) (ii), (iii) and (iv)
(C) (ii), (iv) and (v)
(D) (iii), (iv) and (v)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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