A & Co. has output tax of IGST of ₹50,000; CGST ₹60,000 and SGST ₹90,000. It has input tax credit by way of IGST ₹90,000, CGST ₹30,000; SGST ₹38,000. How much is the net tax liability/ITC after set off ?
CS Executive · Tax Laws · PYQS · June 2021
A & Co. has output tax of IGST of ₹50,000; CGST ₹60,000 and SGST ₹90,000. It has input tax credit by way of IGST ₹90,000, CGST ₹30,000; SGST ₹38,000. How much is the net tax liability/ITC after set off ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
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